In order to achieve achieve economic outcomes which are similar to the economic outcomes achieved by conventional finance, transactions that are undertaken in Islamic finance typically require more component steps. These additional transactions are at risk of being subject to transfer taxes or to taxes on income or gains. The tax treatment of four common Islamic finance structures, commodity murabaha, sukuk, salaam and istisna in eight MENA region countries: Egypt, Jordan, Kuwait, Libya, Oman, Qatar, Saudi Arabia, Turkey and in the Qatar Financial Centre were reviewed in this report.
Source: http://www.islamicfinance.de/?q=node/4808
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