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Thumbs up to law on Islamic products

The proposed changes in various legislation such as CMA Act, Sacco Act and other tax legislation to accommodate Islamic financial products is an appreciation by the Government of the important role that sharia-compliant financial products can play in our economy.

This also removes uncertainty on tax treatment of such products, thus attracting Foreign Direct Investments (FDI) through floating of products such as sukuk bonds.

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Related Topics

CMA Act