| From Thepost.ie: New rules designed to make Ireland a more attractive location for investment funds operated on Islamic principles could result in significant inflows of capital to Ireland from Gulf states and beyond.
Islamic finance is governed by strict rules - derived from Shari’a law - which forbid the making or receiving of interest payments. Last Thursday’s Finance Bill introduced new rules to support the development of Islamic finance in Ireland, by extending the tax treatment applicable to conventional financial products to Shari’a-compliant products.......................................Full Article: Source |