UK boosts Islamic finance with second sovereign sukuk

Mark Battersby
clock • 1 min read

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. Chancellor of the exchequer Rishi Sunak said: "We've set out ambitious plans to make the UK the most open and dynamic financial centre in the world. "By launching our second sovereign Sukuk, we're cementi...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now


Already a International Investment member?