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London Mayor Sees Plenty of Opportunities for Islamic Finance

Published: 03/07/2013 07:24:12 PM GMT
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London Mayor Boris Johnson called for a greater U.K. role in the Islamic-finance market as a Malaysian delegation visited the capital city. (more)

London Mayor Boris Johnson called for a greater U.K. role in the Islamic-finance market as a Malaysian delegation visited the capital city.

The London Stock Exchange listed $24 billion of sukuk in the past two years, Johnson said in his office today at a meeting with Malaysian Prime Minister Najib Razak. The capital should be at the heart of the Islamic finance market, which is set to grow to $1.6 trillion by 2015, he said.

"Some of the most famous and iconic structures in London are actually built thanks to Islamic finance," Mayor Johnson said. "The Shard is the product of Shariah-compliant finance. We certainly have plenty of opportunities."


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