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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