Charity law systems in Australia, islamic law, and the Arab world: Possible future cross-border investment

Research output: Chapter in Book/Report/Conference proceedingChapterpeer-review

Abstract

This chapter is concerned with a comparative discussion of the law of charity in Australia, Islamic law, and the law of selected Arab countries in the Middle East. The chapter discusses the definition and legal forms of charitable activities and institutions in Australia and the regulatory body for charities in Australia which is the Australian Charities and Not-for-profits Commission (ACNC) created through Commonwealth legislation. It also discusses Islamic charitable institutions and forms both under traditional Islamic law and under the legal system of selected Arab countries. Charity, under Islamic law, has a broader definition than Australian and common law and it includes charitable trust (waqf) and a specific taxation system (zakat). Given the sizable population of Muslim migrants in Australia, and other Western countries, possible cross border investment in charity and Philanthropy, both as matter of private investment and with possible future free trade agreement, is discussed and recommended
Original languageEnglish
Title of host publicationInternational Trade with the Middle East and North Africa
Subtitle of host publicationLegal, Commercial, and Investment Perspectives
EditorsHossein Esmaeili, Vivienne Brand, Susan L. Karamanian
Place of PublicationOxon, UK
PublisherRoutledge, Taylor & Francis
Chapter10
Pages191-205
Number of pages15
ISBN (Electronic)978-1-003-38166-2
ISBN (Print)978-1-032-46435-0, 978-1-032-46429-9
DOIs
Publication statusPublished - 2024

Keywords

  • Law
  • International trade
  • Trusts
  • Islamic law
  • comparative law

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