Kara, Mustafa Cemil
Arising interest in Islamic finance and its taxation in the world and Turkey / Mustafa Cemil Kara
Resumen.
Islamic finance experienced an increase in popularity following the 2008 global economic crisis. The participatory and sharing features of Islamic finance attracted the attention of investors, and created new opportunities for its use. Islamic finance products, which are free of all kinds of interest (Riba), allow investors to achieve increased diversity in their investments without compromising their religious beliefs. The increased implementation of Islamic financing is not difficult to understand, especially when countries need financial stability and growth. This article evaluates Islamic finance products from a global economic perspective. It also analyses Islamic finance’s contributions to financial stability and its impact on taxation. Finally, this article explores Turkey’s approach to using Islamic financing products.
ISLAM
FINANZAS
INTERES
PRODUCTOS FINANCIEROS
IMPUESTOS
ESTABILIZACION ECONOMICA
TURQUIA
Intertax 0165-2826v. 50, Issue 2, February 2022, p. 168-176
Arising interest in Islamic finance and its taxation in the world and Turkey / Mustafa Cemil Kara
Resumen.
Islamic finance experienced an increase in popularity following the 2008 global economic crisis. The participatory and sharing features of Islamic finance attracted the attention of investors, and created new opportunities for its use. Islamic finance products, which are free of all kinds of interest (Riba), allow investors to achieve increased diversity in their investments without compromising their religious beliefs. The increased implementation of Islamic financing is not difficult to understand, especially when countries need financial stability and growth. This article evaluates Islamic finance products from a global economic perspective. It also analyses Islamic finance’s contributions to financial stability and its impact on taxation. Finally, this article explores Turkey’s approach to using Islamic financing products.
ISLAM
FINANZAS
INTERES
PRODUCTOS FINANCIEROS
IMPUESTOS
ESTABILIZACION ECONOMICA
TURQUIA
Intertax 0165-2826v. 50, Issue 2, February 2022, p. 168-176