Continuation
Since then, the
French financial markets regulator, the Autorité des marchés financiers (AMF),
has issued two positions allowing:
-
Shari’ah
compliant investment funds
-
and sukuk listings.
As such, the
Bourse de Paris (Paris stock exchange):
-
has created a sukuk
segment
-
and four tax
regulations have been published relating to:
o
murabahah
o
sukuk
o
ijarah
o
and istisna’.
These confirm a
parity of tax treatment with conventional financial products.
From the research paper of
European Central Bank
(Authors: F.Mauro, P.Caristi, S.Couderc, A.D.Maria, L.Ho,
B.K.Grewal, S.Masciantonio, S. Ongena and S.Zaher)
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