UK

London High Court shines light into dark corners of Sukuk

A case being heard at London's High Court will shine a light into the dark corners of Islamic financing gone wrong. »

28th May 2015
Edinburgh - Gatehouse Acquires Fountainbridge Real Estate Asset

London based Gatehouse Bank has announced the acquisition of Fountainbridge, a student accommodation property located in Edinburgh, United Kingdom for £20.0 million. »

11th May 2015
Islamic Banks Offer Better-Fixed Deposit Returns vs. Conventional Banks

A comparison of fixed deposit rates offered in UK Pounds (GBP Sterling) by UK based Islamic Banks, and Conventional Banks shows the Islamic Banks offering better rates. Al Rayan Bank (formerly known as Islamic Bank of Britain) is offering an industry best profit rate of 1.90% for a one year fixed deposit, whilst the conventional arm of HSBC is offering a lowly 1.00%. Al Rayan Bank and HSBC both en... »

10th May 2015
Bank of London and Middle East

The Manchester office aims to serve mid-market companies in the North of England, where it has provided financing totalling £50 million over the past year. »

5th May 2015
UK Deputy PM “Rent to Own” Scheme similar to Ijara Transaction

The proposal would give people without a deposit the option of paying monthly instalments towards the cost of a home, without having to raise a deposit. After 30 years of such payments, the buyer would own the home outright. »

4th May 2015
UK Industrial Estate secures Sharia Compliant Investment of £17.92 million

Gatehouse, a UK based investment bank operating in accordance with Sharia principles, announced the completion of terms for financing of a real estate deal. »

30th April 2015
Emirates Sukuk boosts UK Islamic Finance as Hong Kong readies for second Sukuk

The United Kingdom and Hong Kong push ahead with Islamic Finance ambitions. »

1st April 2015
UK is positioning itself to take advantage of Islamic finance growth – UK Government minister

In a speech delivered on 24 March to the Reform Export Summit, Hugo Swire MP, the UK Government minister responsible for Islamic finance development in the UK spoke of the long-term economic trend and development of Islamic finance and how the UK is positioning itself to take advantage of this growth. »

27th March 2015
UK Makes Significant Progress in Islamic Finance Drive

The UK Government re-affirmed its commitment to develop the UK as a global centre for Islamic finance in a report released yesterday. »

25th March 2015
A Rising Opportunity For Islamic Finance in Europe – MIFC Report

The Islamic financial sector in Europe, although small in size, has promising potentials to gain traction given the fast expanding bilateral ties between European countries and Islamic financial hubs of the GCC and Malaysia. »

20th March 2015
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