SUSTAINABLE AND RESPONSIBLE INVESTMENT SUKUK

In August. 2014, the SC launched the Sustainable and Responsible Investment 'SRO Sukuk Framework for the purpose of financing various sustainable and responsible investment iritiatives. This is in line with the announcement made by Prime Minister Datuk Seri Najib Razak in 'the 2014 Budget speech, that efforts would be intensified by the Securities Commission (SC) to promote Malaysia as a market for responsible investment The SRI Sukuk Framework is an extension of the existing sukuk framework. Therefore, all the other requirements in the existing guidelines would still be applicable. A new chapter has been added it the existing guidelines to address the additional requirements for SRI Sukuk, Tax incentive for SRI Sukuk issuances: Tax deduction on issuance costs of SRI Sukuk approved by, or authorised by or lodged with the SC for five years, i.e. for year of assessment 2016 to year of assessment 2020•