Islamic Finance and EU Law – Part 1

This article addresses whether or not the special tax regimes for Islamic finance enacted by certain Member States amount to State aid under article 107(1) of the TFEU. Part 1 deals with the basic concepts of Islamic finance, distinguishing it from conventional finance and analysing the need for special tax regimes. Part 2, to be published in issue 6 of European Taxation (2019), analyses whether such provisions amount to State aid.