IslamicFinance.de

Alderman Roger Gifford, the Lord Mayor of The City Of London, said that London is becoming increasingly important in the Islamic finance world. A lot of infrastructure exists to service Islamic finance, however it is nothing more than a niche product in London which represents less than 1 per cent of the entire market. Gifford is therefore promoting further cooperation between Dubai and the wider UAE market with London. This can help Dubai to become a global capital of the Islamic economy, according to the Lord Mayor.