Sharia-compliant structuring that aligns with Bahrain tax law.
Murabaha — cost-plus sale — VAT on full sale price. Ijara — lease structure — VAT on each rental payment. Ijara Muntahia Bittamleek — VAT on transfer. Diminishing Musharaka — complex partial supply.
Sukuk issuance — financial supply analysis. Sukuk trading — exempt (financial supply). Takaful — exempt (insurance). Retakaful — exempt. Takaful management fees — standard-rated. Sukuk trustee fees — standard-rated.
Waqf endowments — non-business for VAT. Waqf commercial activities — standard-rated. Corporate zakat — 2.5% on net zakatable assets. Zakat vs tax interaction. Charitable giving — no VAT relief. Waqf property leasing — complex analysis.
