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Accidentally Alternative?

In the second of two articles Colin Hargreaves Paul Davison and Sarah Perfect Freshfields Bruckhaus Deringer continue to examine how Sharia financing rules may apply more widely than expected
Part I of this article appeared in The Tax Journal Issue 918 28 January 2008. It looked at transactions which might perhaps unwittingly fall within rules for Sharia-compliant finance arrangements covering provisions designed for purchase and resale (Murabaha) and diminishing shared ownership (Musharaka). Part 2 examines the rest of the special direct tax provisions. Unless otherwise stated statutory references are to sections of FA 2005 as they stand following FA 2007.
Section 49 — Deposit
Section 49...
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