:salam2:
I've decided to start posting articles that are related to Islamic Finance and economics of Muslim countries. You really can't find this stuff in most papers, and lots of it comes from dedicated financial publications. I've got a subscription to an article database and will hopefully try to post some interesting stuff.
London Sukuk Summit 2008 will explore the introduction of a UK Islamic bond
The introduction of a UK Islamic bond, or Sukuk, will lead to "an explosion" in Sharia financial services, according to one expert.
An international panel of experts is meeting in London next month for a two-day summit on the creation of a British Sukuk.
The London Stock Exchange is already a major centre for listing foreign Sukuks, with $20bn currently issued.
According to Richard Thomas, chairman of Islamic bank Gatehouse, and sub-committee chair of FSAB Islamic Finance, the demand for all forms of Muslim-friendly financial advice is set to grow.
"In a sense this is the end of the beginning," he said. "The government have talked about adding something about Sukuks in the next finance bill, early next year.
"And we should see an explosion of availability of products like car insurance, home insurance, savings products and pensions in the future. There's a huge area of Sharia-compliant insurance and pensions and it's all starting to open up."
He added the government is keen to see an expansion in the market for financial services for British Muslims.
The London Sukuk Summit 2008 will be held over two days at Royal Horseguards, over 25 and 26 June.
Dozens of speakers will address specific implications of creating a British version of the product, with representatives from the Treasury, the FSA and the Foreign and Commonwealth Office will be in attendance.
2008 Financial Times Business Limited
The financial times has a lot of this stuff if people want to go to their site.
I've decided to start posting articles that are related to Islamic Finance and economics of Muslim countries. You really can't find this stuff in most papers, and lots of it comes from dedicated financial publications. I've got a subscription to an article database and will hopefully try to post some interesting stuff.
London Sukuk Summit 2008 will explore the introduction of a UK Islamic bond
The introduction of a UK Islamic bond, or Sukuk, will lead to "an explosion" in Sharia financial services, according to one expert.
An international panel of experts is meeting in London next month for a two-day summit on the creation of a British Sukuk.
The London Stock Exchange is already a major centre for listing foreign Sukuks, with $20bn currently issued.
According to Richard Thomas, chairman of Islamic bank Gatehouse, and sub-committee chair of FSAB Islamic Finance, the demand for all forms of Muslim-friendly financial advice is set to grow.
"In a sense this is the end of the beginning," he said. "The government have talked about adding something about Sukuks in the next finance bill, early next year.
"And we should see an explosion of availability of products like car insurance, home insurance, savings products and pensions in the future. There's a huge area of Sharia-compliant insurance and pensions and it's all starting to open up."
He added the government is keen to see an expansion in the market for financial services for British Muslims.
The London Sukuk Summit 2008 will be held over two days at Royal Horseguards, over 25 and 26 June.
Dozens of speakers will address specific implications of creating a British version of the product, with representatives from the Treasury, the FSA and the Foreign and Commonwealth Office will be in attendance.
2008 Financial Times Business Limited
The financial times has a lot of this stuff if people want to go to their site.