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UK government ‘warms to idea of sovereign sukuk’

Posted on 21 May 2010

From Thenational.ae: The UK’s new Conservative-Liberal Democrat coalition government is set to revisit plans to issue the country’s first sovereign Islamic bond, or sukuk, according to a banker advising British leaders on the issue.

Humphrey Percy, the chief executive of the Kuwaiti-backed Bank of London and Middle East, said Mark Hoban, the new UK financial secretary to the treasury, was “prepared to look at it positively” after the Labour government rejected the sukuk idea……………………………………..Full Article: Source

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