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Islamic securities "Islamic securities" mean Islamic securities pursuant to the principle of Wakalah, comprising a mixed component of debt and asset.
PU(A) 443/2011 - INCOME TAX (DEDUCTION FOR EXPENDITURE ON ISSUANCE OF ISLAMIC SECURITIES) RULES 2011
2. Interpretation |
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Islamic securities "Islamic securities" means Islamic securities- (a) pursuant to the principle of Murabahah based on the concept of tawarruq; or (b) pursuant to the principle of Bai' Bithaman Ajil based on the concept of tawarruq; or
PU(A) 355/2011 - INCOME TAX (DEDUCTION FOR EXPENDITURE ON ISSUANCE OF ISLAMIC SECURITIES PURSUANT TO PRINCIPLES OF MURABAHAH AND BAI BITHAMAN AJIL) RULES 2011
2. Interpretation |
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Islamic securities "Islamic securities" means any securities issued by the Corporation, a subsidiary, a special purpose vehicle or a trust or fund of the Corporation pursuant to a scheme of financing in accordance with the principles of Shariah approved by the Shariah Committee of the Corporation;
ACT 721 - INTERNATIONAL ISLAMIC LIQUIDITY MANAGEMENT CORPORATION ACT 2011
2. Interpretation. |