SUS­TAIN­ABLE AND RE­SPON­SI­BLE IN­VEST­MENT SUKUK

New Straits Times - - Business / News -

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•

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