UK ignores British Shariah banks in debut sukuk
On June 19, 2014 · In Britain, Islamic Banking, Islamic Bonds, Shariah Banking, Shariah Bonds, SUKUK, United Kingdom
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.