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: £18,903
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: £23,013
In a hamlet at 2 minutes from Lamalou-les-Bains, stone house to renovate on a 100 m2 plot with view. In a hamlet at 2 minutes from Lamalou-les-Bains, stone house to renovate on a 100 m2 plot with view. Possibility to create 90 m2 of liv
Price: £23,317
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: £28,766
This plot of constructible land with expansive views of the countryside, of a surface area of 2,100 m2, has planning permission for the construction of a detached house. It is 5 mins of a small town with amenities.
Price: £32,136
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: £33,862
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: £36,081
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: £36,163
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.
Price: £37,807
Bedrooms: 2
Village house to refresh/modernise, well located in the heart of the village and offering about 45 m² of living space including 2 bedrooms. It also offers a small terrace of 4 m² with nice views.
Price: £40,437
In the area of Ste Svre, this country house is to be restored. ithas : kitchen, dining room, 2 bedrooms. Convertable attic. Storeroom in lean to. Out building with baker s oven. On 5696 m of ground.
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.
Prices from: €232,000
Bedrooms: 2, 3 & 4
Apartments & townhouses on Severiano Ballesteros designed Pont Royal Golf Course between Aix-en-Provence & Avignon.
Prices from: €179,000
Domaine de Cramphore: 400m from 9km of sandy beach. Near to golf, tennis, horse riding and water sports.
Prices from: €156,000
Bedrooms: 1, 2, 3, 4
Cohennoz: Great year round location. Mountain lifestyle, easy access to one of the best Alpine skiing areas.
