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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.

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.