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Shariah compliant financing in Australia

Published on 01 Apr 10 by "THE TAX SPECIALIST" JOURNAL ARTICLE

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.

Author profiles:

Peter Norman FTI
Peter is a Partner with Norton Rose. Current at 01 April 2010 Click here to expand/collapse more articles by Peter NORMAN.
 
John CHALLONER
John is a Partner with Norton Rose.
Current at 1 April 2010
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