Finance

Malaysia’s Consumption Indicators 2009

Posted in Blog, Finance

Malaysia’s Consumption Indicators, 2009 The exhibit above shows the sales and production of new passenger cars, motorcycles, Kuala Lumpur Stock Exchange (KLSE) prices consumption goods imports and the labour market for the whole of 2009 (December not included). Source: EPU Unit, Malaysia.

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Income tax for companies & businesses in Malaysia

Posted in Blog, Finance

It is the duty of each and every company carrying a business license to properly & regularly update accounts and statements. Malaysia’s Income Tax Return Form (ITRF) is the document needed for each and every business (in this case, referred to as the “Taxpayer”) to the Inland Revenue Board of Malaysia, or LHDN Malaysia. Income Tax for Companies Registered in Malaysia There are 5 different types of tax return forms that are required in Malaysia for companies: Form C&R 2009 – Income Tax Return Form for general companies. Form C1 2009 – Co-orperative...

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Defining Islamic Banking

Posted in Blog, Business, Finance

During the early years of Islamic banking between the 1960s and 1980s, the main focus of these banks is to establish Islamic working framework within their national boundaries. There is no significant issue then that requires international attention. It is only until the creation of the inter-governmental Islamic Development Bank in 1994 that expanded Islamic finance internationally, a new banking system inspired by Islam religion principles. Today, there are more than 250 financial institutions with Islamic banking operations worldwide. The fundamental of Islamic finance industry is where...

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