Islamic finance/Alternative finance arrangements

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Practice notes
Unilateral relief, like double tax relief, aims to relieve double taxation. Subject to certain conditions being satisfied and specific limits,...
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9th Nov
Practice notes
It is market practice for a tax covenant, also known as a tax deed, to form part of the transaction documents in respect of a sale of all the shares...
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9th Nov
Practice notes
The reasons why a company might carry out a demerger, and the different ways in which a demerger may be structured, are described in Practice Notes:...
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Produced in partnership with Zoe Feller of Bird & Bird 12th Jan
Practice notes
This Practice Note describes the law and practice relating to elections under section 198 or 199 of the Capital Allowances Act 2001 (CAA 2001), which...
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Produced in partnership with Martin Wilson 12th Jan
Practice notes
It is standard market practice for loan agreements (also known as facility agreements), whether bilateral or syndicated, to:•prohibit a borrower from...
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Produced in partnership with Eloise Walker of Pinsent Masons 12th Jan
Practice notes
Coronavirus (COVID-19): HMRC has stated in its International Manual that if a financial institution cannot meet the FATCA reporting deadline of 31 May...
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Produced in partnership with Ali Kazimi and Chris Orchard of Hansuke Consulting Limited 12th Jan
Practice notes
This Practice Note explains:•what a determination in respect of direct tax (ie a direct tax determination) is•when HMRC might issue a direct tax...
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Produced in partnership with Philip Rutherford 12th Jan
Practice notes
Where a dispute is brought to an end by a payment of damages or compensation, whether under a court order or an out-of-court settlement agreement:•the...
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9th Nov
Practice notes
A damages or compensation payment may attract VAT. This depends on exactly what the payment is for. If it is purely compensatory, it will be outside...
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9th Nov
Practice notes
Overdrafts, term loans and revolving credit facilitiesThree common types of loan facility are:•overdrafts•term loans, and•revolving credit facilities...
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9th Nov
Practice notes
The Enterprise Investment Scheme (EIS) is designed to encourage investment in smaller, higher-risk trading companies by offering a range of tax...
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9th Nov
Practice notes
The regime for property authorised investment funds (PAIFs, or as HMRC use in regulations and their published guidance, Property AIFs)) was introduced...
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Produced in partnership with Martin Shah of Simmons & Simmons LLP based on material originally written by Charles Goddard of Rosetta Tax LLP 12th Jan
Practice notes
The value shifting rules are anti-avoidance provisions. They are similar to the rules applying to depreciatory transactions in that they target the...
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9th Nov
Precedents
1 Withholding and grossing up 1.1 All sums payable under this [Agreement] by or on behalf of any party (for the...
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9th Nov
Practice notes
A management buyout, or MBO, involves the acquisition of a business by its existing management team usually with the help of private equity financing....
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9th Nov
Practice notes
This Practice Note:•explains:◦the purpose of the tax indemnity clause that is normally found in a loan agreement, and◦that the standard drafting of...
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9th Nov

Most recent Islamic finance/Alternative finance arrangements content

Practice notes
Shari’ah compliant or Islamic finance is a form of financing based on principles of and prohibitions under Shari’ah or Islamic law. These principles...
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17th Jan
Practice notes
A musharaka is a form of Islamic financing that operates as a form of shared ownership arrangement. It can be used as a Shari’a-compliant alternative...
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Produced in partnership with Sarah Squires of Old Square Tax Chambers 15th Jan
Practice notes
Sukuk (singular form: ‘sakk’) is a type of Shari’a financing arrangement also referred to as Islamic bonds or certificates. For more information, see...
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Produced in partnership with Sarah Squires of Old Square Tax Chambers 15th Jan
Practice notes
Shari’a-compliant financing arrangements (also known as Islamic financing arrangements) can take a number of forms. The UK has introduced specific...
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Produced in partnership with Sarah Squires of Old Square Tax Chambers 15th Jan
Practice notes
IP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marks the end of the Brexit transition/implementation period entered into following the UK’s...
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Produced in partnership with Sarah Squires of Old Square Tax Chambers 15th Jan
Practice notes
Shari’a-compliant financing arrangements (also known as Islamic financing arrangements) can take a number of forms. The UK has introduced specific...
Read More >
Produced in partnership with Sarah Squires of Old Square Tax Chambers 15th Jan
Practice notes
Shari’a compliant financing arrangements (also known as Islamic financing arrangements) can take a number of forms. The UK has introduced specific...
Read More >
Produced in partnership with Sarah Squires of Old Square Tax Chambers 15th Jan
Practice notes
Sukuk (singular form: ‘sakk’) is a type of Shari’a financing arrangement also referred to as Islamic bonds or certificates. For more information, see...
Read More >
Produced in partnership with Sarah Squires of Old Square Tax Chambers 15th Jan
Practice notes
IP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marks the end of the Brexit transition/implementation period entered into following the UK’s...
Read More >
Produced in partnership with Sarah Squires of Old Square Tax Chambers 15th Jan
Practice notes
IP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marks the end of the Brexit transition/implementation period entered into following the UK’s...
Read More >
Produced in partnership with Etienne Wong of Old Square Tax Chambers 15th Jan
Practice notes
Sukuk (singular form: ‘sakk’) is a type of Shari’a financing arrangement also referred to as Islamic bonds or certificates. For more information, see...
Read More >
Produced in partnership with Sarah Squires of Old Square Tax Chambers 15th Jan
Practice notes
Sukuk (singular form: ‘sakk’) is a type of Shari’a financing arrangement also referred to as Islamic bonds or certificates. For more information, see...
Read More >
Produced in partnership with Sarah Squires of Old Square Tax Chambers 15th Jan
Practice notes
Sukuk (singular form: 'sakk') is a type of Shari’a financing arrangement also referred to as Islamic bonds or certificates. For more information, see...
Read More >
Produced in partnership with Sarah Squires of Old Square Tax Chambers 15th Jan
Practice notes
This Practice Note sets out the key differences between conventional bonds and sukuk, or trust certificates as they are otherwise known, (the Sukuk)....
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Produced in partnership with Dentons LLP 8th Jan
Practice notes
Introduction to musharaka—a profit and loss sharing instrument of Islamic financeA fundamental principle of Islamic finance is that of ‘no profit...
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Produced in partnership with Morgan, Lewis & Bockius LLP 8th Jan
Practice notes
Introduction—a pure theory or a dead practice?For a number of years, Islamic financing has been offered by both Islamic financial institutions (IFIs),...
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Produced in partnership with Morgan, Lewis & Bockius LLP 8th Jan
Practice notes
Key features•A Customer does not obtain a physical asset for their own use, but to engage in a series of purchase and sales transactions that result...
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25th Nov
Practice notes
Key features•Murabaha is one of the most controversial, but commonly used Islamic finance techniques. It is used particularly in the Middle East for...
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25th Nov
Practice notes
IntroductionShari'ah (also Sharia, Shariah or Shari’a) (literally, in Arabic, 'the path towards the watering place') or Islamic law is the legal...
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25th Nov
Practice notes
Key features•This is a form of commercial partnership where two or more parties both provide capital (and real assets) as well as time and effort,...
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25th Nov

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