The UKIFC facilitated the inaugural All-Party Parliamentary Group on Islamic finance meeting on Monday 20th November.
The meeting was hosted and chaired by Lord Sheikh, Baron of Cornhill and co-chaired by Baroness Uddin. The meeting was dutifully attended by key stakeholders from the Islamic finance sector, including practitioners, experts, academics, financial institutions, law firms and Shariah scholars. Amongst others were representatives from the UK Department for International Development (DfID).
The meeting raised a number of discussion points, and it was fascinating to hear from tenured industry leaders about the challenges that they face. Lord Sheikh was keen to capture the issues and proposed solutions, then raise them with the appropriate government departments to see how the issues can be best addressed.