Also WB, IMF policy of taxes are not the best way for community good economy. Capital tax is the only one recognized of not less than 2.5% yearly .
Associated France Press (AFP) 28/7/2006
Citigroup Appoints Head Of Islamic Banking For Asia
KUALA LUMPUR, July 28 (Bernama) -- Having identified Kuala Lumpur as the base for its Islamic banking unit in Asia, Citigroup has appointed Rafe Haneef as head of Islamic Banking for Asia.
In a statement here Friday, Citigroup said Rafe’s appointment was part of a number of recent appointments by the company this year under its plans to further invest in its global Islamic banking community.
Citigroup’s Asian franchise covers 16 countries and Rafe will be instrumental in leading a team to develop and grow its Islamic banking business across the region.
Rafe and his team will focus on key markets such as Malaysia, Singapore, India, Bangladesh, Indonesia, Thailand and Brunei, Citigroup said.
A Malaysian national, Rafe was previously head of Islamic banking at ABN Amro Bank NV, based in Dubai.
He was also responsible for structuring a variety of innovative Islamic transactions in the United Kingdom and the Middle East.
Citigroup has played a leading role in the development of the Islamic bond sector in Malaysia and since 2000, it has been involved in more than RM7 billion of transactions.