profile search
Framework
Incentives for Islamic Fund and Wealth Management
   Institutional
·       10-year tax exemption on all fees received by fund management companies for managing approved Islamic funds for both local and foreign investors up to 2016.
 
Personal
·       Income tax exemption to be given to income received by non-resident experts in Islamic finance.
 
Operational
·       Allowed to conduct foreign currency and ringgit fund management for both retail and institutional investors
·       Incentives for Investment Activities
·       Islamic fund management companies are allowed to invest all their Shariah funds abroad.
 
Start-up Fund Incentive
·       Employees Provident Fund(EPF) has set aside a specific allocation of start-up fund for foreign Islamic fund management companies.
 
Relaxation of Foreign Equity Ownership Rules
·       Up to 100% foreign equity ownership in the Islamic fund management company.
 
Facilitative Immigration Policies
·       Fast and easy immigration approval through the "Green Lane" established for expatriates in Islamic finance and their family members.
 
Incentives for Investment Activities
·       Islamic fund management companies are allowed to invest all their Shariah funds abroad.