Clause 36

by inserting, immediately after subsection (2), the following subsection:“(2A) Subsection (1) shall not apply to any amount payable from any Islamic debt securities which are qualifying debt securities, and issued during the period from 1st January 2005 to 31st December 2008, subject to such conditions as the Minister may impose.”; and

by deleting subsection (3) and substituting the following subsection:“(3) In this section —“Islamic debt securities” has the same meaning as in section 43N(4);“qualifying debt securities” has the same meaning as in section 13(16).”.