| From Europenews.dk: The Government has launched a consultation on the legal implications of regulating Islamic finance in the UK. The joint Treasury – Financial Services Authority (FAS) consultation will set out the proposed legislative framework for regulation of an alternative financial instrument commonly known as an Islamic bond, or sukuk, which is interest-free and asset-backed.
Ian Pearson MP, Economic Secretary to the Treasury, launched the consultation as part of the government’s work to support the growth of Islamic finance in the UK..... Full Article: Source
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