The Qatar Financial Centre (QFC) has the most Islamic finance friendly tax systems, out of the eight jurisdictions in the Middle East and North Africa (Mena) region, according to a study.
“While simpler Islamic finance transactions can be carried out in some countries without prohibitive tax costs, of the countries reviewed only Turkey and the QFC have a tax system that enables sukuk transactions to be carried out without excessive tax costs,” said the study, conducted by three leading experts Mohamed Amin, Salah Gueydi and Hafiz Choudhury, said………………………………………..Full Article: Source