Europe: The more the merrier

Author: | Published: 8 Jul 2014
The news that London has finally issued its maiden sukuk has everyone excited that Islamic finance could become a viable option for corporates in the western world.

However, alongside the jubilation comes another round of inevitable discussions about competition between finance centres vying to gain the biggest slice of the lucrative shariah market.

Indeed, London's debut sukuk is a clear signal of the government's intention to position the UK as a leading hub for Islamic finance. But in the same way...