Ian Carnochan and Brin Mazen provide an introduction to the taxation of Islamic finance banking and capital markets structures.
Islamic finance provides businesses and investors with products which are compliant with Islamic (Shari'a) law – often with a return comparable to ‘conventional’ non-compliant financial products. The sector continues to grow and has largely been resilient to the problems affecting other financial sectors in recent years. In order to encourage the development of the Islamic finance market in the UK the government has introduced a number of tax and regulatory measures over the past nine years. The government's key aim has been to...
