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UK boosts Islamic finance with second sovereign sukuk

31 March 2021: UK boosts Islamic finance with second sovereign sukuk

The UK government has issued £500m of sukuk seven years after becoming the first country in the western world to issue sovereign Islamic bonds.

The treasury said the sukuk had been sold to investors based in the UK and in the major hubs for Islamic finance in the Middle East and Asia.

This latest issue will settle on 1 April 2021 and will be listed on the London Stock Exchange.

"By launching our second sovereign Sukuk, we’re cementing the UK’s position as the leading global hub for Islamic finance outside of the Islamic world."

For more information visit the link:

https://www.internationalinvestment.net/news/4029218/uk-boosts-islamic-finance-sovereign-sukuk