Despite the combined efforts of Islamist regimes in the Islamic world and the appeasing government in the United Kingdom, Shariah-Compliant Finance has yet to take off in Britain.

In fact, it’s struggling and financial firms are abandoning it.

One reason is that the weapon of choice in Shariah-Compliant Finance, sukuk, also known as Islamic bonds or Shariah bonds, lack liquidity and Shariah-compliant firms lack access to liquid assets as a result of Shariah rules.

Now, the Shariah Finance industry is pushing for rules to be relaxed…something that seems like a very bad idea…

http://www.gulf-times.com/business/191/details/350936/uk-rules-unfit-for-shariah-banks-hinder-sukuk-growth

 

 

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