LONDON – Britain’s Treasury is likely to back plans to issue Shariah law-compliant bonds, officials said Sunday – amid continuing debate about the application of Islamic laws in the country.

Treasury Secretary Alistair Darling, who will present his annual budget March 12, plans to issue the Islamic bonds, known as sukuk, to tap into a fast-growing market in the products.

www.money.aol.ca

 

Leave a Reply

Looking for something?

Use the form below to search the site:


Still not finding what you're looking for? Drop a comment on a post or contact us so we can take care of it!