TY  - BOOK
AU  - Abdul Ghafar Ismail,
AU  - Muhammad Hakimi Mohd Shafiai
AU  - Shaikh,Salman Ahmed
TI  - Taxation and zakat on Islamic finance instruments
SN  - 9789674128869 (paperback)UN
AV  - HJ2950.6 T39
PY  - 2019///
CY  - Bangi
PB  - Penerbit Universiti Kebangsaan Malaysia
KW  - Finance
KW  - Islamic countries
KW  - Religious aspects
KW  - Islam
N1  - Includes text in English; Includes bibliographical references and index
N2  - Taxation and Zakat on Islamic Finance Instruments feature essays covering Islamic finance practice and the tax hurdles faced in different jurisdictions. The book highlights how the distinguishing features in Islamic finance do not hamper the economic purpose of most product structures. Therefore, it makes a strong case for according tax neutrality for a level playing field, enabling access to finance in developing countries, fostering financial inclusion of voluntarily excluded faith-conscious people, and bringing competitiveness to the financial industry. This book gives an account of the taxation framework in a diverse set of regions and countries and provides a comparative look to see how and where progress is made and how different countries were able to have assimilation at a greater speed than others. The book also attempts to highlight the ground realities and the common issues faced in current practice. It attempts to be relevant for active policy-making in the current scenario by giving a detailed and up-to-date account of developments in the taxation and regulatory framework for Islamic finance in major regions where Islamic finance has a greater presence and where the potential for future growth is high. The book gives due coverage to the taxation issues arising in Islamic banking and Islamic capital markets as well as how to apply a unique Islamic approach to curb the concentration of wealth through the institution of zakat in contemporary economies and financial instruments
ER  -