Section 4

The Income Tax Act 1967, which in this Chapter is referred to as the “principal Act”, is amended in section 2 by inserting after subsection (7) the following subsection:

“(8) Subject to subsection (7), any reference in this Act to the disposal of an asset or a lease shall exclude any disposal of an asset or lease by or to a person pursuant to a scheme of financing in accordance with the principles of Syariah.”.