Chris Cummings | Al Bawaba

Chris Cummings latest

November 3rd, 2015 - 12:00 GMT

UK leads as western center for Islamic finance with $4.5B in services offered

A new report by TheCityUK highlights developments in Islamic finance in the UK, and notes that the global market for sharia-compliant services topped $2 trillion last year.

UK Financial Secretary to the Treasury Sajid Javid told reporters at the World Islamic Economic Forum that GIFIG will include members from key Islamic finance centers, such as the central bank governors from Kuwait, Bahrain, Qatar, UAE, the UK and Malaysia (Courtesy of the Telegraph)

November 6th, 2013 - 09:16 GMT

Is the UK the next leader in Islamic finance? British treasury establishes Islamic finance monitoring group

"Considerable potential exists for expansion of the Islamic finance industry worldwide, although appropriate legal and regulatory structures are crucial for its development in individual countries."

October 24th, 2013 - 09:49 GMT

Chris Cummings latest

UK leads as western center for Islamic finance with $4.5B in services offered

Is the UK the next leader in Islamic finance? British treasury establishes Islamic finance monitoring group

Islamic finance goes global: assets to top $2 trillion in 2014