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UK first non-Muslim country to issue Islamic bonds:World Islamic Economic Forum

World Islamic Economic Forum



UK first non-Muslim country to issue Islamic bonds


 



Prime Minister David Cameron has announced that the UK will become the first non-Muslim country to issue an Islamic bond.

He told the World Islamic Economic Forum (WIEF) in London, "Britain is a country ready to welcome your investment, a country that values your friendship, and will never exclude anyone because of their race, their religion, their colour or their creed."

Under Islamic rules, no interest can be charged; transactions must be based on a real trade; and they must not involve gambling or alcohol.
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