日本におけるイスラーム金融
Islamic finance in Japan
1) Amendment of the Banking Law Enforcement Regulations: 2008
2) Tax reform on sukuk: 2011
3) Permission to list sukuk on Tokyo pro bond market: 2011
4) Full-scale entry into Megabank's Islamic finance business
5) Examples of use of Islamic finance by Japanese companies
Beginning
In recent years, institutional design and legislative reform are being carried out in order to improve the Islamic financial market in Japan. These measures aim to incorporate increasing Islamic money into Japan and to improve the presence of Japanese financial institutions in the global Islamic financial market.
1) Amendment of the Banking Law Enforcement Regulations: 2008
Since Islamic finance schemes are basically based on real commodity transactions, financial institutions that conduct Islamic finance are exposed to the risks associated with real transactions. Therefore, it was difficult for banks to conduct Islamic finance under the Japanese banking law of the past.
Under such circumstances, in 2008 the revision of the enforcement regulation of the banking law was implemented under the initiative of the Financial Services Agency with the aim of promoting the entry of Japanese banks into the expanding Islamic financial markets. Article 17-3 (Scope of Subsidiary of Bank) (ii) The work pertaining to transactions other than lending of money, which should be regarded as lending of money (restrictions on religious discipline For which it is prohibited to receive interest from the transaction and that the transaction is a transaction other than monetary lending to the judgment of a congener consisting of persons with specialized knowledge on religious discipline As a result of the addition of the provision of "to be made on the basis of"), Japanese banks were able to enter the full-fledged Islamic finance business through subsidiaries.