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Islamic Finance Briefing - Categorized | Bonds (Sukuk), Market Moves more

U.K. Islamic bonds unlikely until at least 2010

Posted on 20 May 2009

From Bloomberg: The U.K. government, facing the deepest recession since the 1980s, is unlikely to sell its first Islamic bonds over the next 12 months, according to BMB Group Ltd., which advises on structuring of Islamic products.

Two years after first floating the idea of developing a sterling-denominated sukuk market in London, the plan “remains on the table,” said Humayon Dar, the London-based chief executive officer of BMB Islamic U.K. Ltd., a unit of BMB Group………..Full Article: Source

 
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