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Islamic Finance Briefing - Categorized | Bonds (Sukuk), Compliance, Tax, Legal, Regulatory more

UK Parliament to vote on sukuks

Posted on 22 January 2010

From Risk.net: The UK Treasury is moving to open the way for Islamic sukuk bonds to be issued in the UK this year. Under legislation submitted to Parliament today, sukuk would effectively be treated similarly to conventional bonds.
Under current UK law, sukuk are treated as collective investment schemes, a category that also includes unit trusts……………………………….Full Article: Source

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