Jumping the shariah hurdle
Qazi, Imam
Jumping the shariah hurdle - 2006 - Estates Gazette (0614) 8 April 2006, 172(1) .
Examines how the process of making allowances and exemptions for Islamic finance starting in 2003 and culminating in the 2006 Budget has opened uo the commercial property market to Muslim investors. Until the 2006 Budget Stamp Duty Land Tax (SDLT) rules penalised Islamic finance vehicles, which prohibit the paying or charging of interest, for companies doing commercial deals. When the Finance Bill 2006 is enacted, the SDLT reliefs for murabaha, ijarah and diminishing musharaka will at last be extended to companies and trusts, opening the way to a new wave of commercial property finance and investment in the UK.
FINANCE ACT 2003
FINANCE ACT 2005
FINANCE BILL 2006
STAMP DUTY LAND TAX
Jumping the shariah hurdle - 2006 - Estates Gazette (0614) 8 April 2006, 172(1) .
Examines how the process of making allowances and exemptions for Islamic finance starting in 2003 and culminating in the 2006 Budget has opened uo the commercial property market to Muslim investors. Until the 2006 Budget Stamp Duty Land Tax (SDLT) rules penalised Islamic finance vehicles, which prohibit the paying or charging of interest, for companies doing commercial deals. When the Finance Bill 2006 is enacted, the SDLT reliefs for murabaha, ijarah and diminishing musharaka will at last be extended to companies and trusts, opening the way to a new wave of commercial property finance and investment in the UK.
FINANCE ACT 2003
FINANCE ACT 2005
FINANCE BILL 2006
STAMP DUTY LAND TAX