IslamicFinance.de

A group of British Islamic banks and government bodies launched on Wednesday a lobby group to further the industry's development and push for the issuance of the first UK sovereign Islamic bond. The UK Islamic Finance Secretariat will incorporate Islamic finance experts currently operating within committees of government organisations such as the UKTI, the government's international business development organisation, the Treasury and the Financial Services Authority (FSA), to strengthen the UK's position as an Islamic finance hub.