From Arabianbusiness.com: The UK, Europe’s largest market for Shariah-compliant financial products and services, cancelled what would have been the first sale of Islamic bonds by a Western federal government as issues fell 15 percent in 2010.
“The UK government has decided not to issue sovereign sukuk because it is judged not to provide value for money,” a spokesman for the UK Treasury in London, said in an emailed response to questions January 13……………………………………….Full Article: Source