The increased participation of non-Muslim jurisdictions also reflects the positive acceptance of Islamic finance among the global community. Sukuk has drawn strong interests as an attractive source of funding and a new asset class. »
UK Trade & Investment today released a brochure which contains Sharia compliant UK regeneration investment opportunities in the UK. »
Respected UK journalist Peter Osborne dug deep to discover use of a "World Check" Thomson Reuters database being used to blacklist UK Muslims. The World Check database is nothing more than a trawl of public information from sources such as Wikipedia and blogs. »
A busy week in the UK concludes with innovative Helicopter Financing deal and final delivery of Emirates A380 funded by UKEF Sukuk. Both deals mark World firsts within the sector for the UK and bolster it ambitions to become Western hub. »
In an UK government innovation, this week saw delivery of the fourth and final Airbus A380 aircraft to be funded under the world’s first corporate sukuk to be guaranteed by a western government. The aircraft was delivered to Emirates this week at Hamburg Airport with the bond guaranteed by UKEF. »
The ethical principles of Islamic Economics should be at the forefront of thought and intention rather than financial structuring. It is likely only sociably responsible financial centres with depth, liquidity, and well established regulatory and legal frameworks will build the critical mass and emerge as significant Islamic Financial centres. London and Kuala Lumpur are the obvious two locations ... »
HSBC’s Lack of Morals Despite having largely exited retail Islamic Banking by withdrawing its Ammanah offering, HSBC remains a major player in Islamic capital markets as a leading arranger of Sukuk having participated in landmark Islamic finance transactions in the Middle East, Asia and Europe. The latest revelations of alleged criminality against it deeply damage its Islamic finance standin... »
The UK has one of the most advanced Islamic financial markets in the western world and is quickly becoming a key destination for foreign Shari’ah-compliant institutions. The country is home to the west’s first fully fledged Shari’ah-compliant retail bank and currently has five true Islamic banks. In 2014, the United Kingdom became the first Western European country to issue a Sovereign Sukuk with ... »
Shari’ah compliant Bahrain Investment Bank, Seera has completed an investment into the UK dementia care sector by means of an equity investment in a housing development in London. The development, when completed will provide circa 115 housing units providing specialized care to dementia sufferers. »
Bank of London and Middle East (BLME) is an independent UK bank with strong links to the GCC. It is listed on the NASDAQ Dubai and is the largest Sharia compliant bank in Europe. »
