Thursday 28 Mar 2024
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The government will introduce a new syariah-compliant investment product in 2015 called the Investment Account Platform (IAP), which will provide opportunities to investors in financing  entrepreneurial activities and developing viable small and medium enterprises (SMEs).

At the same time, IAP will be a platform to  attract institutional and individual investors including high net worth individuals to invest in the Islamic financial market. Initially, IAP will be implemented with a startup fund of RM150  million.

To promote investment in IAP, the government proposes individual investors be given income  tax exemption on profits earned from qualifying investment for three consecutive years.
 

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