KPMG has submitted its recommendations for amending the country’s tax law to the Ministry of Finance. The recommendations aim to ensure that Islamic financial institutions are on a level playing field with their conventional counterparts. According to …
A recent report by the Association of Chartered Certified Accountants (ACCA) and KPMG states makes a call for co-operation between standard setters and Islamic banks. Thus, harmonization of financial reporting shall be enabled. ACCA supports the opinio…
KPMG and ACCA report underlines the necessity of the harmonization of the financial reporting and tighter cooperation of Islamic banks with the International Accounting Standards Board in order to develop guidance, standards and educate the investor co…
According to Neil Miller – Global Head of Islamic Finance at KPMG – despite the global financial crisis, Islamic banking has demonstrated rapid development and lossless operation reaching an average growth rate of 10%. He further adds that the most si…
The government of Oman chose KPMG to work on recommendations for the amendment to the tax legislation. The amendment aims to accommodate Islamic banking products and services. Thus, Shari’ah-compliant services will not be less favourable compared with …
KPMG organised a seminar on Islamic Finance-Lessons Learnt from abroad & Challenges faced in Oman. The seminar was the latest in a series of Breakfast Seminars held by KPMG. At the seminar, a comparative analysis of Islamic Finance models which are…
KPMG’s next seminar on “Islamic Finance — Lessons Learnt from other countries and challenges in Oman” will take place on October 15th. Its goal is to gather people involved with both the regulatory and operational aspects of Islamic Finance in Oman. …
Islamic finance banking options are progressively being seen as a viable alternative to traditional banking services in Africa and are growing to found not only the African Islamic community but all those searching for an interest-free banking alternat…
Neil Miller is the new global head of Islamic finance. He was hired by KPMG.
It seems that Miller is a specialist in Islamic finance since he moved to Bahrain in 1995. In a statement Miller said that the fact that KPMG’s global reach, vast client rel…
“India needs to actively consider allowing introduction of Shariah-compliant Islamic finance products to channelise savings of the muslim community” said K Reh-man Khan, deputy chairman of Rajya Sabha.
Khan said the mutual fund industry is the best veh…
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