Singapore

Details

  • Industry: Financial Services
  • Type: Publication series
  • Date: 9/30/2013

Financial Services Briefings (Issue 11, Sep 2013) 

Recent enhancements proposed by the Monetary Authority of Singapore (MAS) to the tax and regulatory framework of the Islamic finance sector in Singapore demonstrate that the authorities have renewed their commitment to developing Islamic finance services.
Financial Services Briefings - Issue 11 - Sep 2013
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Signalling a shift towards exploring non-fiscal means to boost the industry, the authorities have included proposals to shorten the approval processes and provide greater clarity and certainty for the regulatory and tax treatment of Islamic finance products.