French law techniques serving Islamic finance
By Danhoé Reddy-Girard
Islamic finance enables investors to develop and finance projects without infringing these prohibitions. There are various sharia-compliant techniques available to investors that can be implemented under French contract and corporate law, which we outline below. We also discuss how these techniques fare against French banking monopoly rules.
French contract law can be used to implement a ‘murahaba’ transaction, a sale that transfers ownership of an asset immediately but with deferred payment.
Both the classic and the ‘tawarruq’ types of ‘murahaba’ can be implemented in France, each being covered by a tax instruction purporting to make it as tax neutral as possible…
Click on the link below to read the rest of the Wragge Lawrence Graham & Co briefing.
News from Wragge Lawrence Graham & Co
News from The Lawyer
Briefings from Wragge Lawrence Graham & Co
Having remained fairly static for about 20 years, data protection laws in Europe are on the cusp of their next major overhaul.
The government has published its response to its Freedom and Choice consultation issued as a result of the Budget.