The UK government is a little closer to its widely anticipated issue of a sovereign sukuk, or Islamic bond. Last October in London during the World Islamic Economic Forum, British prime minister David Cameron announced the UK’s intentions of becoming the first Western country to issue a sukuk. Since then, Luxembourg and Hong Kong have […]
The sanctions regime against Iran over its nuclear program and sponsorship of Jihadist terrorism is unfortunately unravelling at an alarming pace. Part and parcel to that process is a disturbing development in which the Supreme Court in the United Kingdom ruled on the side of Bank Mellat in its suit against the British government. Bank […]
