Sharia Law and the Mortgage Interest Deduction (Part I)

Today’s blog post was written with the assistance of Daniel S. Eckenrode.  Daniel received his JD and LLM in Taxation from Villanova University School of Law. He is avidly learning about US- Middle Eastern international taxation. Daniel’s interest in this field stems from his studies and interaction with the Arabic culture at St. John’s University in New York. He hopes to specialize in this area and eventually to become one of its leading experts. ___________________________________________________________________________________ Introduction In the realm of international law, it is commonplace to find many differences among the rules of different countries.  In applying them to a particular transaction, it may appear at first blush, that one is faced with impasses that cannot be worked through. International taxation is no stranger to this notion. It’s easy to find oneself in a quagmire when trying to juggle laws from different regions of the…

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