The British government is set to change tax policies to “level the playing field” for Islamic finance…


2 Responses to UK Set to Alter Tax Laws to Accommodate Shariah Finance

  1. The irony is that Islamic tax law envisions an unlevel playing field by design. The jizya, kharaj, and Islamic customs duty rates all discriminate by applying higher tax rates to non-Muslims than to Muslims.

  2. shariahfinancewatch says:

    This is all part of a pattern. When Westerners go to Islamic countries, we are expected to observe their laws and customs. But when they come here, they push us to respect those same laws and customs in our own countries. We accommodate Shariah finance with changes in tax laws and they insist on Shariah compliance in their markets…

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