Effective tax rate and Islamic finance: Difference between pages

Latest revision as of 12:18, 8 March 2023

Islamic finance is a widely used colloquial term for sharia-compliant finance.

Sharia-compliant finance arrangements are ones which are in accord with Sharia law.

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-An accounting measure, calculated by dividing the net tax charge reported in the income statement by the related profit before tax.  The effective tax rate will usually differ from the standard corporate rate of tax.
+Islamic finance is a widely used colloquial term for sharia-compliant finance.
-The quantified explanation of the differences between the effective tax rate and the standard corporate rate of tax is known as a tax reconciliation statement. (Often abbreviated to 'tax rec'.)
+Sharia-compliant finance arrangements are ones which are in accord with Sharia law.
-== See also ==
-* [[FRS 19]]
-* [[Income statement]]
-* [[Profit before interest and tax]]
-* [[Tax reconciliation]]
+==See also ==
+* [[Finance]]
+* [[Sharia-compliant finance]]
+* [[Sharia-compliant fixed income capital markets instruments for cross-border transactions]]
+* [[Sukuk]]
+[[Category:The_business_context]]