IslamicFinance.de

Euroclear UK and Ireland (EUI) is to bring to the market the first UK Soverign Sukuk bond. The £200 million Sukuk bond will primarily be issued in Brussels-based Euroclear and will settle in EUI and Euro Bank from 2 July. EUI is to provide an issuance, settlement and safekeeping service for this premier UK government Sukuk bond. UI already holds £1.3 trillion worth of gilts on behalf of clients. Euroclear Bank has a strong history of providing post-trade expertise in sharia compliant debt – last year Euroclear Bank partnered with Borse Dubai to support asset servicing for clients purchasing bonds on NASDAQ Dubai’s Sukuk trading platform.