Incentives for Islamic Fund and Wealth Management

22 Oct 2018 | Monday

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.