Presentation - Mohammed Amin's website

More documents

Recommendations

Info

Malaysian and UK legislative approaches • Both have legislated for Islamic finance. • Both have equalised taxation of Islamic finance and conventional finance. • Malaysia • Muslim majority country. • Explicit recognition of Islam. • Central pre-approval of Islamic finance transactions. • UK • No recognition of Islam. • Legislation religiously neutral. Slide 32
Overall Malaysian approach • Financing structures based on Shariah principles are accorded tax neutrality, subject to first obtaining approvals from regulatory bodies, such as the Bank Negara Malaysia, Securities Commission or Labuan Offshore Financial Services Authority. • Regulatory approval first treatment. neutral tax Slide 33
Page 1 and 2: Institute of Islamic Banking and In
Page 3 and 4: Disclaimer • Taxation is a comple
Page 5 and 6: Mohammed Amin Mohammed Amin is an I
Page 7 and 8: Purpose • Ascertain the tax treat
Page 9 and 10: Sponsor: Qatar Financial Centre Aut
Page 11 and 12: Taxes covered • Taxes on income p
Page 13 and 14: Structures analysed • Four struct
Page 15 and 16: Ijarah sukuk with onshore SPV Chari
Page 17 and 18: Ijarah sukuk with offshore SPV Char
Page 19 and 20: Istisna Bank Overseas Building or s
Page 21 and 22: Slide 21
Page 23 and 24: Ijarah sukuk • Taxation of transf
Page 25 and 26: Istisna • Does transaction create
Page 27 and 28: Current status of study • Questio
Page 29 and 30: Legislation for Islamic finance •
Page 31: Sukuk • Only Turkey and QFC have
Page 35 and 36: Overall UK approach • UK examined
Page 37 and 38: UK legislation example (2) (2) The
Page 39 and 40: Sukuk with onshore SPV • Malaysia
Page 41 and 42: Slide 41

Presentation - Mohammed Amin's website

Create successful ePaper yourself

Delete template?

Save as template?