Last week, Britain mandated five banks to arrange a $336 million Shariah bond (sukuk) issue.
But the choice was notable for excluding all of Britain’s six Shariah banks; none was included in the mandate.
That could reduce the impact of the issue in developing expertise and depth in Britain’s Shariah banking sector.
http://www.qatar-tribune.com/viewnews.aspx?n=395BB46C-3D84-4920-8C8E-90DD96BE4265&d=20140618
