Showing posts with label Islamic bond. Show all posts
Showing posts with label Islamic bond. Show all posts

Thursday, October 31, 2013

Cameron Unveils Islamic Bond


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.


Cameron Unveils £200m Islamic Bond Plan