PwC Islamic Finance blog

CFA Institute Presentation

The CFA Institute is a not-for-profit association of investment professionals. I recently recorded a presentation for them on the taxation of Islamic finance. It addresses the following points:

• Why are certain taxes triggered in Islamic finance but not in conventional finance?
• Why does it make a difference whether tax laws focus on legal form or economic substance?
• How has the United Kingdom dealt with the tax issues arising out of Islamic finance?

The presentation can be viewed free at this link. When at the page, click on the “Add to cart” button.

On the next page, on the right hand side of the page is the section for Returning Users. Just below that is a link you can click to create a new account. I have just done this myself, and have some practical points. If you are located outside the USA, do not answer the question about your state, and leave blank the field for a zip code. Once the account has been fully created (the page has three tabs) the page with the presentation should launch automatically.

The running length is 25 minutes, but the presentation can be paused as required.

Mohammed Amin

Podcast regarding listing of sukuk in Luxembourg

As previously mentioned, interest in Islamic finance is growing around the world. I was recently in Luxembourg at a seminar for companies in the asset management industry organised by PricewaterhouseCoopers Luxembourg. Following that, my Luxembourg colleagues have released a video podcast regarding listing sukuk on the Luxembourg stock exchange. It can be accessed at this link.

IIBI accounting video

I recently recorded a short video for the Institute of Islamic Banking and Insurance (IIBI) in London. The title is “Should Financial Reporting for Islamic Finance be different?” and I spend just a few minutes explaining my view that International Financial Reporting Standards should be as applicable to Islamic finance as they are to conventional finance.

The video can be seen at this link.

Mohammed Amin