Why Islamic Finance in the UK is Not Realising its $3trn Potential

Islamic Finance Council UK says Britain has failed to deliver on a government commitment to boost the sector.

The British Islamic finance market is facing a slew of challenges and is being held back by weak consumer awareness, according to one of the country’s top experts.

The $19 billion market is also suffering from a lapsed government commitment and a lack of regulation, said Omar Shaikh, an advisory board member for the Islamic Finance Council UK (IFCUK) in London. Read more.