LEGAL AND REGULATORY CHANGES TO PROMOTE THE DEVELOPMENT OF ISLAMIC BANKING AND FINANCE IN SINGAPORE

Arfat Selvam
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Arfat Selvam: Arfat Selvam Alliance LLC, Singapore

Chapter 2 in Current Issues in Islamic Banking and Finance:Resilience and Stability in the Present System, 2010, pp 17-44 from World Scientific Publishing Co. Pte. Ltd.

Abstract: AbstractThe following sections are included:The Legal and Regulatory FrameworkBankingFinancial ServicesThe Regulatory Changes to Promote Islamic Banking and FinanceEnhancing the Capability of BanksIncreasing Liquidity in the Islamic Banking SystemCreation of Islamic Finance ProductsSukukStamp DutyIncome TaxIjara Wa IqtinaStamp DutyIncome TaxGoods and Services TaxMurabahaIncome TaxGoods and Services TaxStamp DutyMudarabaDouble Tax Treaty ImplicationsTax Concessions for Islamic Financial ArrangementsIncentivising Financial Institutions to Carry on Shariah-Compliant Financial ServicesLending and Related ActivitiesFunds Management and Investment Advisory ServicesTakaful (Islamic Insurance) and Re-takaful (Islamic Reinsurance)Other Changes that Benefit the Islamic Finance IndustryAsset ManagementIncrease in the Array of Funds' VehiclesModernising the Trust LegislationRegulating the Trust IndustryAbolishment of Estate DutyShariah-Compliant Stock IndicesIslamic Real Estate Investment Trusts (REITS)Financial and Economic IntegrationConclusion

Keywords: Islamic; Banking; Finance; South East Asia (search for similar items in EconPapers)
Date: 2010
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