000 01237cab a2200229 4500
001 ##L133177
008 060419n2006 000 0 eng u
035 _a(Sirsi) u133177
041 0 _aeng
100 1 _aQazi, Imam
245 0 0 _aJumping the shariah hurdle
260 _c2006
490 0 _aEstates Gazette
_v(0614) 8 April 2006, 172(1)
520 _aExamines 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.
590 _aIKA250406
650 2 4 _aFINANCE ACT 2003
650 2 4 _aFINANCE ACT 2005
650 2 4 _aFINANCE BILL 2006
650 2 4 _aSTAMP DUTY LAND TAX
690 _aPROPERTY-COMMERCIAL PROPERTY-COMMERCIAL PROPERTY FINANCE AND INVESTMENT
942 _n0
999 _c76844
_d76844