Thursday, August 23, 2007

Islamic banking, sukuk tax changes hailed, IF education scholarship fund

A good article by the Assistant Editor of, the website of the Council of Foreign Relations about the growth of Islamic banking.

The British organization the Tax Incentivised Saving Association (TISA) is supportive of moves by the British government to change tax rules to put sukuk on equal footing with conventional bonds.

EONCAP Islamic Bank makes the first contribution to the INCEIF scholarship fund, the "Fisabilillah Trust Fund". The contribution is for RM400,000 (US$114,669).

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