New Sukuk will strengthen UK Islamic finance ecosystem, says TheCityUK

The UK government has today announced the issuance of a second British sovereign Sukuk – providing an important institutional underpinning to the UK’s growing Islamic Finance ecosystem.

Miles Celic, Chief Executive Officer, TheCityUK, said, 

This second issuance of a UK sovereign Sukuk sends a clear signal on the UK government’s long-term commitment to supporting Sharia-compliant finance. The Islamic finance sector is a rapidly expanding part of the global financial system. We have an opportunity not just to grow the sector and maintain the UK’s position as the preeminent western centre for Islamic finance, but also play a leading part in international trade using Sharia-compliant standards.”

TheCityUK regularly publishes the definitive guide to UK-based Islamic finance. Read the latest report form 2019 here: https://www.thecityuk.com/research/global-trends-in-islamic-finance-and-the-uk-market-2019/