Monday, March 1, 2010 by
Olivier Sciales
On January 12, 2010, to confirm Luxembourg's commitment to Islamic Finance, the Luxembourg tax administration has issued a circular L.G.-A No. 55 (12 January 2010) in order to provide guidance on Islamic Finance (the “Circular”).
The Luxembourg tax administration refers to Islamic Finance as the “financial instruments used by investors who wish to manage their investments observing the values of Islam”. The objective of Islamic finance is, according to such...
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