Claiming mark up of Islamic finance as interest for tax deduction : claiming interest deduction in leasing purchase

Fatawa Question

I want to know how to lease option a house but have the owner structure the contract so that there is no interest in it. And still have the seller benefit by being able to write off "interest" in his taxes and benefit from not getting the full amount all at once

Fatwa

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Publication Date

2006-12-11

Main Subjects

Economics & Business Administration
Islamic Studies

No. of Pages

1

Data Type

Fatawa

Language

English

Record ID

BIM-790165

American Psychological Association (APA)

Qahf, Mundhir. 2006-12-11. Claiming mark up of Islamic finance as interest for tax deduction : claiming interest deduction in leasing purchase. .
https://search.emarefa.net/detail/BIM-790165

Modern Language Association (MLA)

Qahf, Mundhir. Claiming mark up of Islamic finance as interest for tax deduction : claiming interest deduction in leasing purchase. 2006-12-11.
https://search.emarefa.net/detail/BIM-790165

American Medical Association (AMA)

Qahf, Mundhir. 2006-12-11. Claiming mark up of Islamic finance as interest for tax deduction : claiming interest deduction in leasing purchase.
https://search.emarefa.net/detail/BIM-790165