Arab Today, arab today britain to announce islamic index on stock exchange
Last Updated : GMT 21:17:01
Arab Today, arab today
Arab Today, arab today

Britain to announce Islamic Index on stock exchange

Arab Today, arab today

Arab Today, arab today Britain to announce Islamic Index on stock exchange

London - AFP

Prime Minister David Cameron was on Tuesday to announce a new \"Islamic Index\" on the London Stock Exchange and reveal plans for Britain to release an Islamic bond. Cameron will speak to more than 1,800 political and business leaders at the ninth World Islamic Economic Forum in London, the first held outside a Muslim country, as he attempts to build stronger financial links between Britain and the Islamic world. \"Today the London Stock Exchange is announcing the creation of new indices,\" he will say, according to extracts released by his Downing Street office. \"This means the creation of a new way of identifying Islamic finance opportunities -- a world-leading Islamic Market Index,\" he explained. \"It is another global first for the City of London\". The index will identify companies that meet traditional Islamic investment principles. A foundation of Islamic investment is that it should be structured on the exchange of ownership or real assets, with money being used only as a method of payment. Islamic financial principles also prohibit the payment of interest, so Islamic bonds -- called Sukuks -- pay investors a fixed return based on the profit generated by an underlying asset. Cameron hopes that Britain will become the first country outside of the Islamic world to issue such a bond. \"For years people have been talking about creating a... Sukuk outside the Islamic world,\" he was to say. \"But it\'s just never quite happened. Changing that is a question of pragmatism and political will. And here in Britain we\'ve got both. \"The Treasury is working on the practicalities of issuing a bond-like Sukuk worth around £200 million (234 million euros, $322 million),\" he was to reveal. Global Islamic investments are expected to be worth around £1.3 trillion next year, a rise of 150 percent since 2006.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today britain to announce islamic index on stock exchange Arab Today, arab today britain to announce islamic index on stock exchange

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today britain to announce islamic index on stock exchange Arab Today, arab today britain to announce islamic index on stock exchange

 



Arab Today, arab today
Arab Today, arab today Designer Aql Faqih aspires to innovation

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation
Arab Today, arab today Malaysia Airlines picks new CEO

GMT 12:54 2017 Saturday ,21 October

Malaysia Airlines picks new CEO
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Residents get glimpse of Raqa in ruins

GMT 07:10 2017 Saturday ,21 October

Residents get glimpse of Raqa in ruins
Arab Today, arab today Hiring not part of Alibaba pledge

GMT 11:26 2017 Wednesday ,18 October

Hiring not part of Alibaba pledge
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today World's deepest lake in peril

GMT 15:54 2017 Friday ,20 October

World's deepest lake in peril
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Delhi braces for pollution 'airpocalypse'

GMT 16:07 2017 Friday ,20 October

Delhi braces for pollution 'airpocalypse'
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today EU raids automaker BMW

GMT 11:06 2017 Saturday ,21 October

EU raids automaker BMW
Arab Today, arab today Sweden to get biggest car factory

GMT 14:10 2017 Friday ,20 October

Sweden to get biggest car factory
Arab Today, arab today Actress Mona Zaki praises husband’s role

GMT 08:15 2017 Thursday ,19 October

Actress Mona Zaki praises husband’s role
Arab Today, arab today Massacre fears spark race

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race

GMT 08:57 2017 Wednesday ,18 October

Actress Shery Adel happy for Egypt’s qualification

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 09:56 2017 Friday ,20 October

Privacy Groups Warn of Perils

GMT 08:04 2017 Thursday ,19 October

Second US judge orders freeze

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 20:46 2017 Thursday ,19 October

Qualcomm files lawsuits in China to ban iPhones

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday