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Britain Reveals Plans for Islamic Bond, Islamic Market Index

British Prime Minister David Cameron says Britain is on its way to becoming the first non-Muslim country to issue an Islamic bond. Mr. Cameron told a meeting of international business and political leaders in London Tuesday he wants the British capital city to become a leading hub for Islamic finance. "For years, people have been talking about creating an Islamic Bond, or Sukuk, outside the Islamic world, but it's never quite happened. Changing that is a question of pragmatism and ...

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