Thursday 11 December 2008 12:17

HM Treasury (National)

Government launches consultation on Islamic finance in the UK
A joint Treasury-FSA consultation on proposals for the legislative framework for the regulation of alternative finance investment bonds, which include sukuk, was launched today by Ian Pearson MP, Economic Secretary to the Treasury.

Ian Pearson said today:
“This consultation is an important part of the work Government is doing to support the growth of Islamic finance in the UK and to increase our position as a leading global centre in this market.

“The Government wants to ensure no one in the UK is denied access to good financial services on account of their religious beliefs. We value the contribution Islamic finance makes to London’s position as an international financial centre and we want to see this sector continue to grow and prosper in this country.”

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