Now that Islamic banking uses a different set of accounting principles, mainly due to their different product characteristics and participation levels, it is just natural to expect different disclosure requirements within the financial statements for Islamic banks.
I have quite a number of clients asking me about LLP, following a recent discussion draft issued by the SSM (Suruhanjaya Syarikat Malaysia). This article is the first of two parts, where I will highlight main characteristics of an LLP.
LLP is an alternative form of business entity that combines protection of limited liabilities to [...]
What is SAS by the IRB before they check you up on your taxes? For many companies and businesses, the process could be a tedious one. Keeping your tax records up to 7 years back should be done in accordance to Section 82 of the Income Tax Act, 1967.
I have seen many cases whereby a business could not continue their core business or in some cases the business is forced to close down after extensive fire damage to their business premises/factory. Is it the fire that causes an established business to shut down their operation permanently? In most cases, the answer is NO.
The main focus of Islamic banks is to establish Islamic working framework within their national boundaries. The fundamental of Islamic finance industry is where its operations need to comply with Syariah principles. What are they?
After the economic crisis in 1997, the need for good corporate governance mushroomed, to an extent whereby Malaysia issued its first Code of Corporate Governance in year 2000. Corporate governance is all about how the company, its employees and everyone involved with the company is managed. There are 4 pillars to corporate governance: transparency, accountability, fairness, responsibility.
A company formation’s documentation and process is explained by KL Management, where companies need to perform these tasks, obtain these documentation and go through certain processes in order to set up a limited company in Malaysia.
Memorandum and Articles of Association is one of the pre-requisite documents needed when companies in Malaysia apply loans from banking institutions. Discover what are the details here.
Sendirian Berhad (SDN BHD) or a private limited company is a very common business entity here in Malaysia. What are the advantages and disadvantages of setting up this particular business entity as compared to sole proprietor and partnership? KL Management explains.
Are SMEs in Malaysia finding it hard to obtain loans? Could it be a fact or is it just people’s perception of the current economic situation and mixed media messages? Find out more here.
