20-06-2019 23:22 via uk.news.yahoo.com

UK to launch second sovereign sukuk - Hammond

Britain will issue a second sovereign sukuk, or Islamic bond, the country's finance minister, Philip Hammond, said on Thursday.Hammond said in his annual Mansion House speech to representatives of the financial services industry that London was seeking to become the world's most global financial services market as the country leaves the European Union.In 2014, Britain became the first Western country to issue an Islamic bond, raising 200 million pounds from a five-year deal that was 10 times ove
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