Thursday, July 6, 2017

Islamic finance in Europe (75)

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)

No comments:

Post a Comment