Dutch tax office rejects Halal-Mortgage structure
A Dutch Islamic bank, the Bilaa-Riba bank in the Dutch city
Of course, this bank is no charitable organization, so in this construction, there is a way in which the bank gains income, which is not through interest, strictly speaking. The bank sells the property to the buyer for a higher price than for which it bought it a couple of days earlier. The buyers pays the debt in monthly installments, and in the end pays of the house in a way very similar to a normal mortgage, but without the involvement of interest.
This construction is being used in many countries with a Moslem population, especially in the Arabic countries.
The Dutch Islamic Bilaa-Riba bank wanted to offer Dutch Moslems the same possibility. However, this construction does not fit easily inside the Dutch tax law system. The former Dutch minister of finance, Mr. Zalm, already pointed out that he would not revise the laws to make Islamic banking possible, and that companies that want to set up such a structure should make sure that it can be done within the existing set of rules about tax on mortgages. The Bilaa-Riba bank tried to do so, but now it has been made public that the Dutch Tax Authority decided that the construction, as proposed now by the bank, is not allowed. Apparently, this decision was already taken in the beginning of this year, but news of this decision has not surfaced before.
The Dutch Islamic bank Bilaa-Riba is now studying other ways to bring its customers halal mortgages.
This Article is written by the author of this web, but is based on news sources in Dutch
5 comments:
Good day !.
might , perhaps very interested to know how one can reach 2000 per day of income .
There is no initial capital needed You may start to receive yields with as small sum of money as 20-100 dollars.
AimTrust is what you haven`t ever dreamt of such a chance to become rich
The company represents an offshore structure with advanced asset management technologies in production and delivery of pipes for oil and gas.
Its head office is in Panama with offices around the world.
Do you want to become a happy investor?
That`s your choice That`s what you wish in the long run!
I`m happy and lucky, I started to get income with the help of this company,
and I invite you to do the same. If it gets down to select a proper partner who uses your savings in a right way - that`s AimTrust!.
I make 2G daily, and what I started with was a funny sum of 500 bucks!
It`s easy to join , just click this link http://apibasugan.servetown.com/milylaqa.html
and lucky you`re! Let`s take our chance together to feel the smell of real money
Good day !.
You re, I guess , perhaps very interested to know how one can collect a huge starting capital .
There is no initial capital needed You may begin to receive yields with as small sum of money as 20-100 dollars.
AimTrust is what you need
The company incorporates an offshore structure with advanced asset management technologies in production and delivery of pipes for oil and gas.
It is based in Panama with offices around the world.
Do you want to become really rich in short time?
That`s your chance That`s what you wish in the long run!
I`m happy and lucky, I started to get real money with the help of this company,
and I invite you to do the same. It`s all about how to choose a proper companion who uses your savings in a right way - that`s it!.
I make 2G daily, and what I started with was a funny sum of 500 bucks!
It`s easy to start , just click this link http://ozazovojaj.mindnmagick.com/ylelylox.html
and lucky you`re! Let`s take this option together to get rid of nastiness of the life
Hello!
You may probably be very curious to know how one can manage to receive high yields on investments.
There is no initial capital needed.
You may begin to get income with a money that usually goes
for daily food, that's 20-100 dollars.
I have been participating in one company's work for several years,
and I'll be glad to share my secrets at my blog.
Please visit my pages and send me private message to get the info.
P.S. I make 1000-2000 per day now.
http://theblogmoney.com
Hello everyone!
I would like to burn a theme at this forum. There is such a nicey, called HYIP, or High Yield Investment Program. It reminds of financial piramyde, but in rare cases one may happen to meet a company that really pays up to 2% daily not on invested money, but from real profits.
For quite a long time, I make money with the help of these programs.
I don't have problems with money now, but there are heights that must be conquered . I get now up to 2G a day , and my first investment was 500 dollars only.
Right now, I'm very close at catching at last a guaranteed variant to make a sharp rise . Visit my web site to get additional info.
[url=http://theinvestblog.com] Online investment blog[/url]
Good day!
We are not acquainted yet? It’s easy to fix,
my name is James F. Collins.
Generally I’m a venturesome gambler. recently I take a great interest in online-casino and poker.
Not long time ago I started my own blog, where I describe my virtual adventures.
Probably, it will be interesting for you to find out my particular opinion on famous gambling projects.
Please visit my web page . http://allbestcasino.com I’ll be interested on your opinion..
Post a Comment