Country: France
7 May 2009
France has overhauled elements of its domestic tax law in a move that will allow the rules of Islamic finance to be followed without attracting tax penalties, therefore viewed by the tax authorities in the same way as their western counterparts.The term ‘Islamic finance’ pertains to the ways that business and personal financial matters are handled while respecting Sharia law. Sharia forbids gambling and interest and so many of the transactions which are regarded as normal to conventional financial institutions – ranging from mortgages to interest bearing savings accounts to insurance – have to be structured differently and can in the process attract a tax penalty.
One of the first companies to benefit from France’s radical reform to its stance on Islamic banking is Islamic Finance Advisory and Assurance Services (IFAAS), a UK-based consultancy specialising in providing advisory & training services to financial institutions in Sharia compliance.
Managing director of IFAAS, Mohammad Farrukh Raza, says: “France, with its Muslim population and its particularly strong ties to the Arab world, provides a vast opportunity for organisations looking to develop their Islamic Finance offering. In addition to this, France is one of the world’s leading economies and is an attractive place for investment from around the world.”
France has a Muslim population of six to seven million people, the largest in Western Europe.
See Also: France
Price: £20,079
Type: House
15 min in the South of La Chatre, this country house is with retaured. It is composed of 2 rooms, lime pit foot, with beams, stone slabs on the ground and chimney. Suitable attic above. The walls and roof are in good condition.
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Price: £22,698
Bedrooms: 2
Superb Building Plot of 4704 m² With Valid CU & Beautiful Open Views in Dordogne Hamlet - This very attractive building plot of more than an acre of land has recently been granted an outline planning permission, with water, electricity and
Price: £22,872
20 minutes South-East of La Chatre, this barn of approximately 60 m on the ground is to be rehabilitated. It offers a beautiful potential of installation to you. Outbuilding in bad condition on a side, boxroom and baker s oven of the other.
Price: £24,767
10 min of La Chatre, this building, which is to be restored, offers a beautiful potential of installation to you. It is currently composed of a room, barn, stable and attic above. Courtyard in front.
Price: £29,420
South-East of La Chatre, this beautiful barn offers a beautiful surface to you to be restored with your taste. It is composed of a central air, of 2 stables on both sides and attic. Water and electricity are in the vicinity.
Price: £34,134
Between La Chatre and Aigurande, this charming country house is composed of a room in down stairs with chimney, wall cupboard in side, beams and stones apparents. Suitable attic above. Water is served and electricity is in the vicinity.
Price: £35,967
10 min of La Chatre, this country house needs to be restored. Livingroom with insert and visible beams, other room and boxroom. Suitable attic. Old barn and old house with a room. Well. The whole on 3120 m.
Price: £37,958
Building land with CU. Water, electricity and telephone available. Country views, market town nearby.
Price: £38,324
Area of Ste Severe, this barn which is to be rehabilitated offer of beautiful possibilities of installation. A room with existing chimney. Contiguous hangar and garage, hen house.
Price: £38,412
Bedrooms: 1
This beautiful country house, which is to be restored, offers to you a sublime view on the countryside berrichonne. It is composed of 2 parts. The barn with porteau, as well as the stables contiguous to the house, can allow a very big enlarging.
Prices from: £216,209
Bedrooms: 1 & 2
Belle Plagne, Savoie. Ski-in, ski-out. Fully furnished, fitted kitchens, spacious lounge area, ski locker.
Prices from: €245,00
In business district, potential for high capital growth. Kitchenette, lounge, office area, satellite TV, WIFI, air con.
Prices from: €179,000
Domaine de Cramphore: 400m from 9km of sandy beach. Near to golf, tennis, horse riding and water sports.
Prices from: €150,000
Overlooked by six glaciers. Breath-taking Alps views. Downhill, luge, snowpark, slalom stadium, junior area.
Price: €199,000
Ground floor + basement, quiet cul-de-sac, few minutes drive to town centre. Views of green fields.
Price: €795,000
3 Beds. 1 bath, 1 shower
Exquisitely restored. 13 ha of private grounds. Sweeping lawns edged by woodland. Children’s play area, heated pool.
