Uk Islamic Bond Now Available

[ukanonymous]

Another step in the right diection? Or turning more into an Islamic state? http://www.bbc.co.uk/news/business-24722440

[anotheoldgit]

jno

/// As there's a lot of Muslim investment available, it's not unreasonable to bid for some of it. ///

If it is such a good thing how is it that we will be the first to take advantage of it?

We are generally in the background whereas others are first to grab any advantage.

/// Prime Minister David Cameron is set to announce that the UK will become the first non-Muslim country to issue an Islamic bond. ///

[youngmafbog]

Actually AOG, we are pretty good and innovative at Banking, despite Jakes continual digs at us.

With all the regs the EUR countries have it will probably be a while before they can do anything similar. Expect to see something similar from the Septics shortly though.

[mikey4444]

Not sure how the availability of an Islamic Bond can possibly lead to Britain turning into an Islamic state ? Could you enlighten us please ukanonymous ?

[boxtops]

I didn't think this was new (although the article says it is) - people who want to invest in Islamic dealings have been able to do so for some time. Sqad's right, there have been investment facilities for ages.

[mikey4444]

You are correct boxy...see this, chosen at random from google :::

http://www.thechildrensmutual.co.uk/savings/child-trust-funds/shariah-baby-bond/