The UK and London will remain the world’s leading international and Islamic financial centres, said British Ambassador Iain Lindsay at a UK roundtable discussion at the WIBC.
‘Islamic finance, like every other type of financial activity, benefits from the UK’s combination of experience, variety of skills, geographic location, infrastructure, transparency and openness,’ he said.’ The UK recognises the tremendous opportunities that Islamic financial services have to offer. Continue Reading
With the openness of the world economy, the development of commercial exchange between countries and the increase of the volume of cross-border transactions, the State of Qatar has been seeking to enable the persons and companies carrying on activities in Qatar to deal with the tax burden resulting form imposing tax on the investor’s income in double way in the State where he lives ( the State of residence ) and the State where he carries on his activity (the State of source) by way of concluding agreements for the avoidance of double taxation with other countries.
Islamic Finance is the fastest growing industry in the financial panorama. The contractual arrangements are based in the Sharia, or Islamic Law. What would be the applicable law in a dispute between parties in an English or Spanish law jurisdiction where the parties submitted to the Sharia law?