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First Aussie sukuk taps Labuan for RM489mil

Fri, 2012-12-21 10:48 — newsdesk

The SGI-Mitabu launched the first ever Aussie sukuk in the Malaisian offshore tax haven Labuan, thus avoiding Australian rules that penalize Sukuk. The offshore paradise Labuan which has established a global financial hub in 1990 is located on the coast of eastern Sabah state on Borneo Island (Malaysia).

Source: 

http://biz.thestar.com.my/news/story.asp?file=/2012/12/21/business/12487...