Baroness Saeeda Warsi, Senior Minister of State at the Foreign & Commonwealth Office (UK) and Minister for Faith and Communities in the House of Lords, has held a meeting with Sheikh Dr Khalid bin Thani al-Thani, chairman of the board of directors of Ezdan Holding group, on various issues related to Islamic finance.
Also present was International Islamic CEO Abdulbasit Ahmed A al-Shaibei and the accompanying delegation. On the British side, the political consultant of Baroness Warsi attended the meeting.
Developments and changes in the field of Islamic finance and economy were addressed in the meeting and several issues related to Islamic exchange were also reviewed. The UK is considered as a major centre for Islamic exchange in Europe.
The deliberations shed light on the development of the international bonds market and Islamic economy systems in Britain in particular and Europe in general. The Qatari Islamic banks have extensive experience in this field, which will be beneficial to the development of Islamic exchange systems in Britain.
During the meeting, both parties stressed the importance of ensuring that all terms and conditions support and sponsor the success of Islamic exchange in line with the aspirations of investors who are increasingly relying on Islamic banking systems in various countries around the world. The meeting also highlighted the positive role of Qatar International Islamic Bank in establishing the first Islamic bank in Britain.
The meeting concluded that Britain is looking forward to establish close co-operation with Islamic banks to develop Islamic finance at an international level, given the available opportunities for development and common co-operation and the close relations between the finance and business communities in Qatar and Britain as well as the wish to benefit from development opportunities in the Islamic services field, noting that the largest Muslim community in Europe exists in Britain.
UK Prime Minister David Cameron recently said that London is the largest centre for Islamic finance outside the Islamic world. “But today, our ambition is to go further still.”
More than 20 banks in Britain provide Islamic exchange products; additionally, 49% of Islamic bonds worth $34bn were circulated in the London exchange in five years.
The British PM had also stated that the country wants to issue Islamic bonds. With this, Britain will become the first sovereign outside the Islamic world to issue an Islamic bond.
(GULF TIMES)
http://www.amilin.tv/news/uk-eyes-closer-ties-with-qatar-islamic-banks-to-develop-sukuk-market/
0 Comments:
Post a Comment