Secretary for Financial Services & the Treasury Professor KC Chan said the amendments seek to level the playing field for common types of Sukuk (Ijarah, Musharaka, Mudaraba and Murabaha) vis-a-vis their conventional counterparts in terms of profits tax, property tax and stamp duty liabilities. (source)
Showing posts with label fstb. Show all posts
Showing posts with label fstb. Show all posts
Monday, April 02, 2012
HONG KONG - CAPITAL MARKETS - Hong Kong consults on Islamic bonds
www.cpifinancial.net - The Financial Services & the Treasury Bureau (FSTB) launched a consultation on 29 March 2012 on the proposed amendments to the Inland Revenue Ordinance and Stamp Duty Ordinance to promote Islamic bond, market development in Hong Kong SAR.
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