UK building infrastructure to develop it as western Islamic finance hub, official says | GulfNews.com:
"The United Kingdom is trying to build infrastructure to develop Islamic finance through regulations in insurance, sukuks, mortgages, taking it a step closer for it to become a western hub, United Kingdom’s economic secretary to the treasury department told Gulf News.
“UK aims to be a western hub for Islamic finance and build on our global importance as a financial centre, we think Islamic finance as a new potential growth market and so we want to be a part of it,” Andrea Leadsom, economic secretary to the treasury, United Kingdom told Gulf News.
“We think we have made quiet good strides towards developing our Islamic finance market,” said Leadsom said."
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