The United Kingdom is no where nearer to going to the wholesale sterling market to raise financing through a debut benchmark sovereign sukuk in 2012 than it was in January 2011 when Treasury last confirmed that it would not be “value for money” for the UK taxpayer to do so.
The latest minister to reiterate the “not-value-for-money” explanation is Lord Sassoon, Commercial Secretary to the Treasury, and the minister in overall charge of the coalition government’s Islamic finance policy………………………………………..Full Article: Source