IslamicFinance.de

Pratap John reported in Gulf Times on 8 April that Singapore now provides tax neutrality between conventional and Islamic financing, such as by sales tax exemption for financing based on the Murabaha structure. MAS now allows the city state’s banks to offer Murabaha financing, investment products and deposits.

Angelina Fernandez is director of communications of the Monetary Authority of Singapore (MAS). Ong Chong Tee is deputy managing director of MAS.

Source: http://www.gulf-times.com/site/topics/article.asp?cu_no=2&item_no=211745...