The UK government, two years after cancelling a sovereign sukuk issue, is seeking to revive its bid to become an industry hub by hunting for a second sterling Shariah-compliant issuer. The Islamic Finance Task Force, started on March 11, will look at ways to encourage corporates and government-linked organisations to sell Shariah-compliant debt, particularly infrastructure-backed notes, said Richard Thomas, a member of the working group and chief executive officer at Gatehouse Bank Plc.
UK back in bid to net sukuk investments
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