UK:
UK Government Announces Its Intention To Issue Islamic Bonds
27 June 2014
Shearman & Sterling LLP
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On 12 June 2014, HM Treasury announced that the UK intends to
issue sovereign Sukuk, the Islamic equivalent of a bond. Subject to
market conditions, the government intends to issue £200
million sterling Sukuk over the next few weeks. The UK sovereign
Sukuk will have a maturity of five years and will use the most
common structure, Al-Ijara.
The HM Treasury press release is available at:
https://www.gov.uk/government/news/britain-set-to-become-first-western-nation-to-issue-a-sovereign-islamic-bond.
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