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07/19/2013 13:33 Hong Kong issued a tax law to encourage Islamic Sukuk
BAGHDAD / follow the obelisk: approved regulatory authority in Hong Kong, Friday, legally facilitate the issuance of Islamic bonds and pave the way for issuers to expand funding sources to include investors from the Gulf region and elsewhere.
The minister said the Financial Services and the Treasury of Hong Kong K. Si. Chan said in a statement that "the law, which begins its work on Friday, putting a tax framework for the instruments to assist in the development of market instruments in Hong Kong."
"It will help to establish a base for the development of Islamic finance in Hong Kong and diversification of tools and services available to our financial markets."
The law aims to clarify the tax status of the instruments that may face higher taxes because of the multiple transactions on their supporting assets.
And raised the idea of issuing instruments in Hong Kong in 2008, when I studied the Hong Kong Airport Authority sale billion-dollar instruments but no sales yet.
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BAGHDAD / follow the obelisk: approved regulatory authority in Hong Kong, Friday, legally facilitate the issuance of Islamic bonds and pave the way for issuers to expand funding sources to include investors from the Gulf region and elsewhere.
The minister said the Financial Services and the Treasury of Hong Kong K. Si. Chan said in a statement that "the law, which begins its work on Friday, putting a tax framework for the instruments to assist in the development of market instruments in Hong Kong."
"It will help to establish a base for the development of Islamic finance in Hong Kong and diversification of tools and services available to our financial markets."
The law aims to clarify the tax status of the instruments that may face higher taxes because of the multiple transactions on their supporting assets.
And raised the idea of issuing instruments in Hong Kong in 2008, when I studied the Hong Kong Airport Authority sale billion-dollar instruments but no sales yet.
[You must be registered and logged in to see this link.]
