UKIFC Advisory Board Member, Omar Shaikh was quoted by The Telegraph in London on 15th October, in an article entitled “Can the UK make the most of sukuk, the Islam-compliant bond?”. The article briefly explores the history of sukuk and the 2014 UK issuance. The article also reflects on the application of English law of contracts and the Dana Gas case, currently being heard in London. The article picked up on our External Shariah Audit report, citing that since its publication, the Central Bank of Bahrain, State Bank of Pakistan and the Central Bank of Oman have introduced or implemented these standards.

Click here to read the article.

Click here to access our External Shariah Audit report.