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UK government still interested in issuing Sukuk when market recovers
Wed, 2009-05-20 22:18 — IslamicFinance.deThe UK government could turn to Islamic investors to finance part of its debt if market conditions improve, Business Minister Ian Pearson told Reuters in an interview wrote Cecilia Valente.
The UK government was expected to announce an Islamic-compliant short-term debt programme of up to 2 billion pounds ($3.03 billion), but in November the pre-budget report shelved the plans, citing deteriorating markets.
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