| From Bloomberg: The U.K., Europe’s largest market for Shariah-compliant financial products and services, canceled what would’ve been the first sale of sovereign Islamic bonds by a Western federal government as issues fell 15 percent in 2010.
“The U.K. government has decided not to issue sovereign sukuk because it is judged not to provide value for money,” a spokesman for the U.K. Treasury in London, said in an e-mailed response to questions Jan. 13. “It will keep the situation under review.”.............................................Full Article: Source
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