As Britain steadily becomes colonised by Third World ‘immigrants’ (read ‘invaders’), and Muslims in particular, the number of Shariah-compliant banks is set to increase to ten within the next five years.
The prediction was made by Gatehouse Bank, a subsidiary of the Securities House of Kuwait, in a recent edition of Emirates Business.
“It has the potential to grow because of the high demand and the interest to make the UK the international heart of Islamic finance business,” Samer Merhi, executive director for institutional wealth management structuring and origination at Gatehouse Bank, was quoted as saying.
According to media reports, currently there is one full-fledged Islamic bank and four Islamic investment banks in the UK and the local government intends to convert the capital region into a global hub for the financial industry. It is reported that Britain plans to roll out a program worth GBP2 billion to issue its own sovereign ’sukuk’ debit. (Sukuk is the Arabic name for a financial certificate but can be seen as an Islamic equivalent of bond).