C.T.L. Middle East Region Tax Laws covers laws of the following countries:
Bahrain • Egypt Iran • Iraq Israel • Jordan Kuwait • Lebanon Oman • Qatar Saudi Arabia • Syria United Arab Emirates • Yemen
Note: Shariah interpretations are referenced according to jurisdictions.
Complete eight (8) tutorials + two (2) final exams + Short Research Paper to earn the Certification in Middle East Region Tax Laws.
Required:
Middle East Region Income Tax Laws
Middle East Region Corporate Laws
Middle East Region Value Added Taxes
Middle East Region Trust Laws
Writing Requirement: Short Research Paper (25 pages). Due at the end of the second session or first year. See program "Requirements" under "Programs & Fees."
Required:
Middle East Region Commercial Codes
Middle East Region Company Laws
Middle East Region Regulations Affecting Financial Transactions
Middle East Region Banking Laws
Writing Requirement: C.T.L. SRP (25 pages of publishable quality). Due at the end of the second session or first year. See "Requirements" under "Programs & Fees."
Note: The Tax Law Institute is profiicient in orthodox Shari'ah law related to Islamic banking and financial instruments. We can assist in assessing the tax consequences for the financing of working capital under the Murabha, 'Ina, Salam and Istisma' contract as well as the financing of receivables, long-term or under leasing clauses (Ijara). We also address financial practice under non-binding (Ja'iz) versus binding (Lazim), risk of loss (daman) versus trust (Amana), rules governing delay in payment and in performance -- the sale of dayn for dayn -- and the tax implications of 'The Promise' (Wa'd) in Islamic law. Under special contractual arrangments, we will coach in determining the tax effects related to cost of debt under the various Islamic contracts permitted under the Shari'ah guidelines.
Fee: $10,000 USD - includes digital, telephonic and optional Arabic language tutorial
Courtesy of Mohammad Hashim Kamali, author, Shari'ah Law: An Introduction, Foundations of Islam Series, the complete text of which is required reading in this tutorial.