A Look At The Evolution Of Islamic Finance In The UK
Bashar Al Natoor, Global Head of Islamic Finance at Fitch Rating looks at the historical evolution of Islamic Finance in the UK.
Mr Al Natoor highlights the central role the UK plays in the global Islamic finance industry covering three areas. Firstly the role of English law in underpinning global sukuk contracts and Islamic financial contracts, secondly the London Stock Exchange being a global hub for the listing of global sukuk, and finally London leveraging off its status as the global home of conventional finance to offer auxiliary financial services.
Historical developments which allowed London to emerge as the leading global centre for Islamic finance is also discussed, as well as more recent developments including the Bank of England’s consultation paper on developing Islamic liquidity for the domestic Islamic banking sector and her Majesty’s Government underwriting an international sukuk for Emirates airlines.
Oil Updates – Crude Heads For Weekly Loss As Chinese Demand Continues To Underperform
SINGAPORE: Oil prices fell on Friday on signs demand in China, the world’s biggest crude importer, continues to underp... Read more
Fortune Global Forum To Be Held In Riyadh In 2025
RIYADH: American football legend Tom Brady tossed a football to Saudi Arabia's General Secretariat of Council of Ministe... Read more
COP29: UN Secretary-General calls For Urgent Collaboration To Halt Catastrophic Climate change
RIYADH: UN Secretary-General Antonio Guterres emphasized the high stakes of climate inaction in a roundtable discussion ... Read more
Saudi Arabia Launches Company To Transform Asir Into Global Tourism Hub
RIYADH: Saudi Arabia’s Asir region has launched a new tourism venture through a partnership with the aim of creating... Read more
IMF, Saudi Arabia Announce New Annual Conference Tackling Global Economic Challenges
RIYADH: The International Monetary Fund and Saudi Arabia will jointly organize a high-level annual conference in AlUla t... Read more
Closing Bell: Saudi Arabias TASI Ends In The Red, Trading Volume Hits $2.95bn
RIYADH: The Tadawul All Share Index concluded the last session of the week at 11,791.18 points, down by 139.27 points or... Read more