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Islamic Taxation

Our Islamic finance taxation specialists have experience of providing a wide range of taxation advice, both on domestic and multi-jurisdictional transactions.

We provide a high level of service, whether on a stand-alone basis or as an integral part of the full legal service offered by Allen & Overy's Global Islamic Finance Group.

Drawing from over 100 tax specialists across our international tax practice, our Islamic Finance Taxation team includes lawyers in London, Luxembourg, New York, Paris, Rome and Sydney.

Advising on the tax aspects of Islamic finance transactions requires an appreciation, not only of the Shari'a constraints that are likely to apply, but also of general principles of domestic tax law. Members of our Islamic finance taxation team are also familiar with any relevant legislation or guidelines which have been implemented to ensure that Islamic finance transactions operate in as tax neutral a way as possible.

We advise on a wide range of Islamic finance transactions, with both domestic and multi-jurisdictional dimensions, including ijara, istisna'a and murabaha financing transactions, sukuk issuances and securitisation transactions. We have also advised banks such as HSBC and Standard Chartered on the tax implications of their own products.

Our Islamic Finance Taxation team has also been involved in consultations and discussions with revenue authorities and governments in various jurisdictions in connection with the development of tax legislation and practice aimed at facilitating Islamic finance transactions.

News & insights

High-rise buildings

Publications: 24 AUGUST 2020

The end of an era for the PKLN team

The President of Indonesia dissolved the PKLN Team and revoked the regulation which previously subjected Indonesian borrowers of offshore debt to reporting and/or approval of the PKLN Team.

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Deal highlights

Securitisation company

Securitisation company

Advising on a murabaha facility structured through a securitisation company.
iEsmplications

iEsmplications

Advising on the UK and US tax iEsmplications of sukuk issuances.
Murabaha financing

Murabaha financing

Advising on various murabaha financing transactions, including a portfolio refinancing.
Investment fund

Investment fund

Establishment of a shari'a-compliant regulated investment fund.

 

Real estate

Real estate

Providing advice on Islamic finance real estate transactions in France, including a murabaha financing in connection with the purchase of commercial real estate in Paris.