Islamic finance

In May 2011, the UK Islamic Finance Secretariat (UKIFS) became integrated into TheCityUK.

UKIFS brings together government and industry to jointly promote the UK as a global gateway for Islamic finance. The key objectives of UKIFS are to co-ordinate and promote the development of Islamic finance in the UK and to act as the primary contact point for UK government bodies including UK Trade & Investment, HM Treasury and the regulator.

In achieving these objectives, UKIFS operates seven practitioner-led interest/working groups that convene regularly to drive the development and delivery of strategic goals:

1. Retail Banking/Wealth Management - Chaired by Sultan Choudhury, Islamic Bank of Britain
2. Islamic Financial Institutions - Chaired by Richard Williams, Bank of London and the Middle East
3. Accountancy - Chaired by Samer Hijazi, KPMG
4. Education, Training & Qualifications (ETQ) - Chaired by Ruth Martin, CISI
5. Commercial Real Estate - Chaired by Mike Rainey, King & Spalding

A legal workstream with Chair will be appointed in Q1 2012.

With over 2,000 registered individuals and organisations, UKIFS is today the leading cross-sectoral body assisting the promotion and development of Islamic finance in the UK.

Find out more

UKIFS recently featured in a dedicated supplement on Islamic finance in the UK in City AM. You can read the supplement in full by following this link or selecting the image below.

For more information or to get involed in UKIFS, please contact:

Keith Phillips
Executive Director
Email: keith.phillips@thecityuk.com
T: 020 7776 8970
M: 07767 008 327

Maxine Staunton
Relationship Manager
Email: maxine.staunton@thecityuk.com
T: 020 7776 8995
M: 07808 798 722

Richard Adler
Relationship Director
Email: richard.adler@thecityuk.com
T: 020 7776 8970
M: 07799 746 810