London steps up Islamic finance ambitions
Green Energy

London steps up Islamic finance ambitions


Selling Them The Rope To Hang Us

From Sailan Muslim:
Britain is encouraging banks through a task force to establish sharia-compliant products, aiming to position London as a Western hub for a fast-growing Islamic finance sector that is expected to reach $2.6 trillion by 2017. 
Aiming to build on London's status as a leading exporter of financial services, Britain hopes to step up the challenge to Islamic finance centres such as Dubai and Kuala Lumpur.   
"We want to be the leading (Islamic) finance sector outside of the Muslim world," deputy mayor of London Edward Lister said in a press conference in Kuala Lumpur on Wednesday. 
Islamic finance follows religious principles such as bans on interest and gambling, and is playing an increasingly prominent role internationally as often oil and gas-rich investors from Islamic countries put more of their money to work overseas. 
Britain's Islamic finance task force, established in March, is led by several ministers and industry figures as well as top executives from Gatehouse Bank and Oakstone Merchant Bank Ltd.




- Willis Insurance Will Be A British Sharia Financier
News comes of a British company that's going to offer sharia finance services: One of the world's oldest insurance brokers, Willis Group Holdings, will offer sharia-compliant commercial real estate coverage in Britain for the first time, helping...

- Uk: Treasury Rewriting Britain's Tax Laws To Accommodate Sharia Financ
Maybe if I play dead the Muslims will leave me alone. From Jihad Watch: "Sharia Law Sneaked Into Labour Budget," by Kirsty Buchanan for the Sunday Express, December 13: THE Treasury plans to rewrite Britain's tax rules to usher...

- Islamic Banking - Growth And Prospects
Check out this article from ABC Australia. It reads like a Press Release from the Saudis. From ABC Austalia: The Islamic banking industry is now worth almost an estimated US$1 trillion and is widely considered to be one of the fastest growing sectors...

- Uk Looks To Become A Global Provider Of Islamic Finance
From Mortgage Strategy: A government organisation is looking to educate financial institutions in a bid to help the UK become a global provider of Islamic finance. UK Trade & Investment, which incorporates the work of the Foreign & Commonwealth...

- Gordon Brown Takes Next Step In Creation Of Britainistan
The socialist chancellor of the exchequer of Great Britain, Gordon Brown, has announced that he would like to make Britain "the gateway to Islamic finance and trade". Sort of like an Islamic Mos Eisley : London, 13 June (AKI) - Britain's finance...



Green Energy








.