Taxation and Zakat on Islamic Finance Instruments features essays covering Islamic finance practice and the tax hurdles faced on different jurisdictions, which highlights how the distinguishing features in Islamic finance do not hamper the economic purpose in most product structures. Therefore, it makes a strong case for according tax neutrality for level playing field, enabling access to finance in developing countries, fostering financial inclusion of voluntarily excluded faith-conscious people and bringing competitiveness in the financial industry. This book gives account of taxation framework in 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 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 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 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 unique {slamic approach to curb concentration of wealth through the institution of zakat in contemporary economies and financial instruments.
Taxation and Zakat on Islamic Finance Instruments
Edited by ABDUL GHAFAR ISMAIL, MUHAMMAD HAKIMI MOHD. SHAFIAI, and SALMAN AHMED SHAIKH
Penerbit UKM (First published, 2019)
276 pages including References and Index
RM40.00
In stock
Preface
PART I – INTRODUCTION
1. Islamic Banking and Finance
– Salman Ahmed Shaikh, Abdul Ghafar Ismail & Muhammad Hakimi Mohd Shafiai
2. Tax Neutrality for Islamic Banking: Challenges & Prospects
– Muhammad Hakimi Mohd Shafiai, Abdul Ghafar Ismail & Salman Ahmed Shaikh
PART II – TAXATION ON ISLAMIC FINANCE IN DIFFERENT JURISDICTIONS
3. Taxation Impact on Islamic Finance Instruments in Malaysia
– Norlina Naem
4. Tax Incentives for Islamic Finance Transactions in Malaysia
– Mohd Rizal Palil, Mohamad Abdul Hamid Muhammad, Arzim Naim, Nor Hazila Mohd Zain & Aryani Abdullah
5. Islamic Finance Taxation: A Case of Malaysia, Indonesia and Singapore
– Jennifer Chang
6. Islamic Finance Taxation in France
– Maxime Dossa
7. Tax System and Islamic Finance in Nigeria: A Prognosis
– Tanko Muhammad & Mansur Lubabah Kwanbo
8. Taxation Treatment of Islamic Finance Products in GCC Countries
– Sutan Emir Hidayat
9. Islamic Finance in Europe: Taxation on Wealth or Income
– Ashraf Ammar
10. Cross Border Taxation of Islamic Finance in ASEAN Economic Community
– Aminurasyed Mahpop
11. Islamic Taxation and Its Potential to Remove the Taxation Issues Related to Islamic Financial Industry
– Lakhi Muhammad & Gul e Rana
PART III – TAXATION ON FINANCIAL INSTRUMENTS
12. Impact and Treatment of Taxation on Sukuk
– Siti Norrizan Abdul Hadi
13. Adopting Islamic Finance in Japan: Taxation Law and Facilities for Promoting J-Sukuk
– Ai Kawamura
14. Murabahah Tax Treatment in the Indonesian Islamic Finance
– Rifki Ismal & Dece Kurniadi
15. Tax Neutrality and Sukuk
– Muhammad Hafizuddin Syah Bangaan Abdullah & Shahida Shahimi
16. Economic Substance versus Legal Forms: Some Notes in Islamic Finance Product Structuring
– Hafas Furqani
PART IV – ZAKAT ON ISLAMIC FINANCIAL INSTRUMENTS
17. Zakat on Financial Instruments
– Abdul Ghafar Ismail & Umar Taufiq
18. Zakat in Islamic Banking Institutions in Malaysia: The Case Study of ocBc Al-Amin Bank
– Riayati Ahmad, Suhaili Alma’amun & Muhammad Hakimi Mohd Shafiai
19. Policy Issues in Zakat on Islamic Bank Business
– Abdul Ghafar Ismail, Achmad Tohirin & Muhammad Ali Jinnah Ahmad
References
Index
| Weight | 0.396 kg |
|---|---|
| Dimensions | 22.8 × 15 × 1.5 cm |
| Author(s) | Abdul Ghafar Ismail, Achmad Tohirin, Ai Kawamura, Aminurasyed Mahpop, Aryani Abdullah, Ashraf Ammar, Dece Kurniadi, Gul e Rana, Hafas Furqani, Jennifer Chang, Lakhi Muhammad, Mansur Lubabah Kwanbo, Maxime Dossa, Mohamad Abdul Hamid Muhammad, Mohd Hafizuddin Syah Bangaan Abdullah, Mohd Rizal Palil, Muhammad Ali Jinnah Ahmad, Muhammad Arzim Naim, Muhammad Hakimi Mohd Shafiai, Nor Hazila Mohd Zain, Norlina Naem, Riayati Ahmad, Rifki Ismal, Salman Ahmed Shaikh, Shahida Shahimi, Siti Norrizan Abdul Hadi, Suhaili Alma'amun, Sutan Emir Hidayat, Tanko Muhammad, Umar Taufiq |
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