February 2010
The following article published in the the Lawyer provides details on the new Luxembourg circular on Islamic Finance. It clarifies the definition of certain Islamic financing arrangements including Murabaha, Mucharaka, Mudaraba, Ijara, Ijara-wa-iqtina and Istinah as well as the tax treatment of Murabaha and Sukuk. You can access the full article here.
By Chokri Bouzidi and Frédéric Feyten.
