IslamicFinance.de

Mohammed Amin is Chairman of the Conservative Muslim Forum. He says that one particularly successful UK micro-policy is the country’s approach to Islamic finance. Gordon Brown and Ed Balls deserve credit for promoting Islamic finance and changes to UK tax law to facilitate it. Sadly, their efforts eventually ran out of steam in 2008, due to the combined effects of the global financial crisis and excessively frequent changes in the ministerial responsibility for the subject. Promoting Islamic finance as the government has done is clearly in the best interests of the economy and therefore of all British citizens and taxpayers. However, it is also good politics, since it should increase the Conservative party’s appeal to Muslim voters.