Islamic Finance

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This topic contains 1 reply, has 2 voices, and was last updated by  VatExpert 2 weeks ago.

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  • #3926

    Kapil
    Participant

    How will Islamic finance be treated?

    #3948

    VatExpert
    Participant

    Islamic finance products are consistent with the principles of sharia and therefore often operate differently from financial products that are common internationally.
    To ensure that there are no inconsistencies between the VAT treatment of standard financial services and Islamic finance products, the treatment of Islamic finance products will be aligned with the treatment of similar standard financial services.

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