Islamic finance is an area of continuing growth and development. Structures have been developed to deal with the demand amongst issuers and investors for products which replicate the returns in traditional financing methods but which comply with Islamic (Shari'a) law. The challenge for the UK government is to ensure that the tax treatment of such products is on a ‘level playing field’ with their more conventional counterparts.
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Islamic finance is an area of continuing growth and development. Structures have been developed to deal with the demand amongst issuers and investors for products which replicate the returns in traditional financing methods but which comply with Islamic (Shari'a) law. The challenge for the UK government is to ensure that the tax treatment of such products is on a ‘level playing field’ with their more conventional counterparts.
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes: