) on tabarruʿ-based takāful (donation-based Islamic insurance) products in Malaysia. The paper aims to do so by analysing …-based takāful with its imposition on conventional insurance while probing into the Sharīʿah texts and opinions of classical and …

Should we exempt the services of insurance companies from VAT? Addressing this issue, the paper distinguishes between … insurance against a general loss of resources and a loss of a specific commodity (property insurance). There is a case for … exempting the former kind of insurance, but not the latter. Finally, comparing insurance through a producer warranty with …

Financial services and insurance pose unique challenges for the design of a VAT. They represented 8.3% of the U.S. GDP … for 2008. An economically neutral VAT should be imposed on supplies of financial and insurance services to the extent that … VATs around the world exempt some or all financial services and insurance. This exemption is presumed to cause several …