Our Islamic Finance Advisory Group works to cement London as the western hub for Islamic Finance.
We meet quarterly, and additionally as required, to discuss developments in Islamic finance in the UK-based and global financial markets. We regularly engage with government and visiting delegations. We support overseas visits by the Prime Minister, government ministers and the Lord Mayor of the City of London by providing briefings when Islamic finance is on the agenda.
Our group members are drawn from our wider membership including; conventional and Islamic banks, financial intermediaries, law firms, accountants, consultancies, exchanges, ETQ providers and rating agencies.
Priorities of the Islamic Finance Advisory Group:
- provide thought leadership on the direction of policy and activity relating to members’ interests in Islamic finance
- engage with the UK government to promote and develop the sector as part of its trade and industry activities
- advise the UK government on international and domestic issues relating to the Islamic Finance sector
- encourage the use of Islamic finance for inward investment and project finance
- develop and extend relations with the UK and international decision-makers, regulators and economic and business stakeholders.
Recent activities:
- advising HM Treasury and the Bank of England on the Alternative Liquidity Facility
- advising HM Treasury, the Foreign, Commonwealth and Development Office and the Department for International Trade on the use of Islamic finance products
- raising with HMRC regulatory changes that impact on UK Islamic FinTechs
- meetings with Islamic FinTechs and the UK Islamic Finance FinTech Panel to encourage the growth and promotion of the sector.
For more information about the work of the Islamic Finance Advisory Group please contact us.
