Issue: Taxation and leasing: Investment, disinvestment, and the present value of the net lease amount for the lessor and the lessee. Example: Under IJARA Finance, Dubai Corporation gained institutional finance from Dubai Islamic Bank. The annual profit margin is around 6\%. Dubai Corporation has very good market potential in Egypt (Tax economy 15\%); UAE (FTE) and Oman (slightly low tax rate 6% under proportional system). The purchase price of the equipment is almost the same, despite the variation in the price level. Dubai Corporation will adopt the DDBM in allocating cost of its fixed assets. The relevant information on subject lease transaction is as follows: (A) Find out the correlation between BPT and lease amount from the lessor and the lessee perspectives in the three countries. (B) Figure out the present value of the net lease amount of the lessor and the lessee for the first five years and provide comprehensive analysis. (C) What would be the case if the UAE introduced corporate tax (9\%) in the second year of operation? (D) What would be the case if the lessor insists on the degree of productivity (20\% on annual basis) as a base for the allocation of cost, provided that the installation may take two months. Other things remain the same (E) In what sense the lessee and the lessor will be affected under the VAT system (Additional approach), provided the USA approach will oversee the domain of the fiscal policy