Sharia-compliant transactions: tax
This note provides an introduction to the UK's tax treatment of Islamic (sharia-compliant) finance or, as it is referred to in UK tax legislation, "alternative finance".
This note does not deal with VAT. For a discussion of the value added tax treatment of sharia-compliant products, see Practice note, Sharia-compliant transactions: VAT.
NOTE: This resource is being reviewed in light of the Finance Act 2015. For more information, see Legal update, Finance Bill 2015 receives Royal Assent.