Tagged: Monetary Authority of Singapore

Bureaucracy holds up Singapore

Bureaucracy holds up Singapore

Singapore’s path to Shari’ah compliant home financing is being chocked by bureaucracy. The Islamic Globe recently noted on the absence of Islamic home financing products despite the Monetary Authority of Singapore having legislated for a range of S…

New tax rules for Islamic finance

New tax rules for Islamic finance

Mr Lim Hng Kiang, deputy chairman of the Monetary Authority of Singapore, announced that new income tax rules for Islamic finance products will be launched.
The new regulations will include financing agreements based on financing through partnership ag…