At the end of 2014 TheCityUK established an Islamic Finance Sector Advisory Group to respond to developments in the UK and internationally in Islamic Finance and recommend to UK government policy and trade & investment activity to progress the development and promotion of the sector.
The Group’s purpose is to be at the centre of UK thought leadership in Islamic Finance; to set the agenda for the development of Islamic Finance within the UK and to develop and promote the UK’s position as the leading Western hub for Islamic Finance.
The group delivers this initiative by producing and deploying content with key policymakers in Government and Parliament and as otherwise relevant.
The Islamic Finance Sector Advisory Group aims to:
- Develop best-in-class messaging on the role of the UK Islamic Finance sector put in the context of maintaining the size of sector and attracting new business to the UK.
- Develop benchmark regulatory and Islamic Finance standards while complying with international regulation on banking and with reference to the ongoing development of global standards within Islamic Finance.
- Encourage support for a legislative programme that promotes rather than restricts the global competitiveness of the sector