Arts, Celtic Studies and Social Sciences

Islamic Finance in Ireland - Why Ireland should pay attention

Edana Richardson (TCD) will discuss the place of Islamic finance within the Irish legal system with particular reference to the Finance Bill 2010.

This is the first of a series of seminars in conjunction with the IRCHSS-funded research project on the history of Islam in Ireland, hosted in the Study of Religions Department. Islamic Finance in Ireland - Why Ireland should pay attention In February 2010, the Department of Finance published the Finance Bill 2010 which provides for the accommodation of certain Islamic financial products in the context of Ireland’s existing legal framework. This Bill, though limited in its scope to the tax considerations of Islamic products, is nevertheless a step forward for Islamic finance in Ireland. It indicates a growing awareness of an industry which has seen unprecedented growth internationally. However, Ireland cannot now be complacent and must continue to address the unique challenges posed by the integration of a Shari'ah compliant financial sector. This paper will outline the fundamental aspects of Islamic finance and address why Irish authorities are justified in adopting a pro-active approach to Islamic financial products and institutions. Edana Richardson is a Ph.D. candidate at the School of Law (TCD).

Category: Public Lectures and Seminars: Arts Celtic Studies and Social Sciences
Time: 1pm - 3pm
Location: O'Rahilly Building 2.55
Target Audience: All Welcome
Admission Price: € Free
Contact: Dr Oliver Scharbrodt

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University College Cork

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