In addition, market practitioners request the formal recognition of Islamic finance accounting standards. So far, our authorities have proved pragmatic (for instance, tax ruling for special business cases is common practice), innovative and adaptive to the financial landscape. According to discussions currently being held at national level, this will also be the case with regard to Islamic finance.
I congratulate the few public companies who had pioneered this establishment, and have decided to remain onboard despite the bull and bear cycles of the industry within the last 30 years - Fiji Sugar Corporation Limited (FSC), Toyota Tsusho Company Limited (TTS) and prominent manufacturer, Flour Mills of Fiji Limited (FMF), to name a few.