Taxation of Islamic banking transactions


  • Rusell Stanley Geronimo SyCip Salazar Hernandez & Gatmaitan, SyCipLaw Center



Islamic banking, murabahah, tawarruq, ijarah, istisna, salam, musharakah, mudaraba, sukuk, takaful


The paper examines the juridical character of eight common Islamic banking transactions: murabahah, tawarruq, ijarah, istisna, salam, musharakah or mudaraba, sukuk, and takaful. It then compares each Islamic banking product with an equivalent conventional banking product, examines their differences in terms of transaction design, and shows whether these contractual differences result in differential tax treatment.


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How to Cite

Geronimo, R. (2018). Taxation of Islamic banking transactions. Bratislava Law Review, 2(2), 79–90.