Arab Today, arab today uk to create hub for islamic finance
Last Updated : GMT 00:52:31
Arab Today, arab today
Arab Today, arab today

UK to create hub for Islamic finance

Arab Today, arab today

Arab Today, arab today UK to create hub for Islamic finance

London - Arabstoday

The UK government launched on Monday the first Islamic finance task-force to \"help to cement London\'s status as the western hub for Islamic finance\" by showcasing the UK as the preferred choice for the Muslim world to invest in and do business with. From day one the Task Force will support development of the UK\'s Islamic finance sector, increasing inward investment and strengthening the economy, according to a statement by the Foreign and Commonwealth Office (FCO). The Task Force will include major industry figures to ensure that the UK\'s offer is promoted at home and abroad by both the public and private sector. The Task Force will have three key objectives: to act as UK Ministerial Champions for the World Islamic Economic Forum in London on 29-31 October; to engage with the United Kingdom Islamic Finance Secretariat (UKIFS) and others to promote and raise the international profile of the industry; and to use Islamic Finance to facilitate inward investment and strengthen the UK economy, including through our ongoing support for Sovereign Wealth Funds looking to invest in UK infrastructure. The Islamic finance Task Force will be co-chaired by Financial Secretary to the Treasury, Greg Clark and Baroness Warsi, Senior Minister of State at the Foreign and Commonwealth Office, the statement said. Minister of Trade and Investment Lord Green and Minister of State for International Development Alan Duncan will provide additional ministerial support. Key industry figures have agreed to support the Task Force and assist in its work. The World Islamic Economic Forum, hosted in London in October, will be the Task Force\'s first key milestone. Financial Secretary to the Treasury Greg Clark MP said: \"This Government\'s priority is to make sure that Britain is open for business.\" \"The Islamic Finance Task Force is a perfect example of our ambition to promote London as a leading financial centre and attract inward investment for the wider economy,\" he noted. \"The Task Force has an important role to play. Our focus now is to ensure that the UK and London is well placed to showcase what we have to offer at the World Islamic Economic Forum in October,\" Clark added. Senior Minister of State at the Foreign and Commonwealth Office Baroness Warsi said: \"We expect the global market for Islamic financial services to experience significant growth over the coming years, but feedback from decision makers in the Middle East and South East Asia suggests there is a lack of awareness of the UK industry and that we should be doing more to promote the sector.\" \"There are also major opportunities to attract investment into the UK as demand for Islamic finance increases from private investors and Sovereign Wealth Funds. \"For that reason we are announcing today the formation of a Ministerial Task Force for Islamic Finance,\" Warsi added. Albawaba Business

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 uk to create hub for islamic finance Arab Today, arab today uk to create hub for islamic finance

 



Arab Today, arab today
Arab Today, arab today Jordan airline suggests flyers 'talk'

GMT 11:59 2017 Friday ,24 March

Jordan airline suggests flyers 'talk'
Arab Today, arab today 5 Crafty Must-Have Limited-Budget Ideas

GMT 17:03 2017 Saturday ,25 March

5 Crafty Must-Have Limited-Budget Ideas
Arab Today, arab today Dozens dead in US-led Syria strikes

GMT 08:35 2017 Thursday ,23 March

Dozens dead in US-led Syria strikes
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Yemen children dream of school

GMT 07:25 2017 Friday ,24 March

Yemen children dream of school
Arab Today, arab today MP submits a petition to dismiss university head

GMT 06:21 2017 Friday ,24 March

MP submits a petition to dismiss university head
Arab Today, arab today Salvage of South Korea's Sewol ferry

GMT 04:51 2017 Friday ,24 March

Salvage of South Korea's Sewol ferry
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Audi RS 5 Coupe acquires new design

GMT 13:22 2017 Thursday ,23 March

Audi RS 5 Coupe acquires new design
Arab Today, arab today Renault Trezor wins design award

GMT 11:56 2017 Tuesday ,21 March

Renault Trezor wins design award
Arab Today, arab today Actress Mervat Amin reveals her role in new series
Arab Today, arab today 2017 already marked

GMT 15:25 2017 Tuesday ,21 March

2017 already marked

GMT 06:04 2017 Thursday ,23 March

Haifa Wahby bets on her new drama show

GMT 22:00 2017 Thursday ,23 March

Number of unwedded girls amounts to 2.5m

GMT 18:57 2017 Tuesday ,21 March

Accessories designer reveals her new collection

GMT 10:34 2017 Tuesday ,21 March

Mexico threatens to ditch US corn imports

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures

GMT 20:03 2017 Saturday ,25 March

Health expert warns from dust sensitivity

GMT 07:36 2017 Wednesday ,22 March

US, Britain ban laptops on flights

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 19:27 2017 Saturday ,11 March

Boualsof launches "Priestess Kahina" collection
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