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Islamic Finance - Law and Practice edited by Nethercott, Craig R.; Eisenberg, David M. (22nd March 2012)

4 Accounting and Taxation Implications of Islamic Finance Products

Ken Eglinton, Nash Jaffer, Armughan Kausar, Alkis Michael

From: Islamic Finance: Law and Practice

Edited By: Craig R.Nethercott, David M. Eisenberg

From: Oxford Legal Research Library (http://olrl.ouplaw.com). (c) Oxford University Press, 2015. All Rights Reserved.date: 27 May 2020

Subject(s):
Statutory duty — Syndicated loans — Deposit taking — Management Fee — Hedge fund — Derivatives — Bonds — Equity — Options
4.01 Islamic finance products, though different in their characteristics, are generally directed at achieving broadly the same business objectives as their conventional counterparts. In order to achieve these business objectives, a variety of Shari‘a-compliant structures can be used to design the required products. Section III of this chapter discusses each of the main products and the accounting and taxation implications of each. 4.02 Products can be specifically designed to achieve particular requirements, sometimes using specific structures in combination. It...
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