From Lexology.com: It is with great interest that the introduction of tax legislation dealing with Islamic finance has been noted in the Taxation Laws Amendment Bill, 2010 (the Bill) that was released for comment recently.
In this context South Africa is thus following countries such as the United Kingdom and France that have introduced similar legislation and have attracted substantial investments following from the regularisation of these types of investments from a tax perspective……………………………………..Full Article: Source