Financial Jihadists Push for Accommodation for Shariah Bonds as Shariah-Compliant Finance Continues to Struggle in the UK
On April 30, 2013 · In Britain, Islamic Banking, Islamic Bonds, Islamic Finance, Shariah Banking, Shariah Bonds, Shariah Finance, SUKUK, United Kingdom
Despite the combined efforts of Islamist regimes in the Islamic world and the appeasing government in the United Kingdom, Shariah-Compliant Finance has yet to take off in Britain.
In fact, it’s struggling and financial firms are abandoning it.
One reason is that the weapon of choice in Shariah-Compliant Finance, sukuk, also known as Islamic bonds or Shariah bonds, lack liquidity and Shariah-compliant firms lack access to liquid assets as a result of Shariah rules.
Now, the Shariah Finance industry is pushing for rules to be relaxed…something that seems like a very bad idea…