Miscellaneous 2010

Shariah compliant financing in Australia

Source: The Tax Specialist Journal Article

Published Date: 1 Apr 2010

Sharia compliant, or Islamic, financing has been said to hold great potential for Australia in terms of wealth and job creation and as a means of accessing offshore capital pools. In order for these financing techniques to develop here, the uncertainty and complexity in tax treatment will need to be addressed. This article provides a description of some Islamic financing structures, observations on the Australian tax issues posed by these structures and how tax issues with these structures have been addressed in the UK.

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Miscellaneous 2010

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