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Islamic finance Expert IFE will give you expertised tuition in Islamic Finance Industry.IFE Contains the updated news, articles and resources on Islamic Finance exertion around the world, translated and gathered from various sources for students, academics, professionals and researchers , I am non expert in this field but will linkup you to experts * Author * Disclaimer November 17, 2012 Non-Interest Banking In Nigeria: Tax Issues (I) source : Leadership.ng The encounter surrounding the accounting entry of Non-Interest Banking (NIB) commonly called Islamic banking is gradually settling down and it is serious to begin to exhume the challenges that mightiness crop up in its operations with particular fictitious character to the taxation of the sub-sector by the applicable tax authorities, especially the mise en scene of standards for the type of taxes that apply and that are to be collected from the transactions. As the name implies, Non-Interest Banki ng (NIB) is a brass instrument of financial services that volunteer unique services in accordance with Islamic ghostlike jurisprudence and Sharia teaching and fully regulated by the relevant regulatory authorities as provided for in sections 9, 23 and 52 of the Banks and other financial Institution Act (BOFIA) 1991 as amended.

The CBN is empowered by law, to push through licenses to appropriate entities for the establishment of non-interest banks provided they meet the regulatory requirements. Read to a greater effect at : http://leadership.ng/nga/isaac_amuire/40226/2012/11/16/noninterest_banking_nigeria_tax_issues_i.html Written by editor Leave a Comment Posted in uncategorized Tagged with nigeria, nigeria Muslim bankini! g, nigeria islamic finance, nigerial islamic finance education, nigerial islamic funds, nigerial islamic insurance, nigerial tax issues November 7, 2012 Maldives : capital of the United States Market warrant and Islamic Ministry unite to promote Islamic finance The Maldives swell Market Development Authority (CDMA) has signed a instrument of understanding...If you want to get a full essay, order it on our website: OrderEssay.net

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