The leading underwriters of Islamic bonds say companies here are planning syariah-compliant property trusts, investment funds and sukuk (Islamic bonds) this year after the Government broadened tax breaks for the industry. The Singapore Business Federation, as well as the city's banks, law and accounting firms, have conducted outreach programmes and seminars for local companies, the MAS said. It is also co-operating with educational establishments like the SMU's International Islamic Law and Finance Centre ? which offers executive education and training programmes ? to start a master's degree in Islamic law and finance in the next month.
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