Middle-east Arab News Opinion | Asharq Al-awsat

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London Deputy Mayor for Business and Enterprise Kit Malthouse. (Asharq Al-Awsat)

London’s deputy mayor on Islamic finance

by Mohammed Al-Shafey | Oct 31, 2013 | Business

London, Asharq Al-Awsat—As the ninth World Islamic Economic Forum draws to a close in London, focus has turned to the long-term prospects and development plans for the British capital as a center for Islamic finance. London has long been a popular destination for...

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British Prime Minister David Cameron, center, poses with other leaders after he addresses the delegates during the 9th World Islamic Economic Forum at the ExCeL exhibition and convention center in London on October 29, 2013. (AP Photo/Sang Tan)

World Islamic Economic Forum: UK first non-Muslim country to issue Islamic bonds

by Asharq Al-Awsat | Oct 30, 2013 | Business

London, Asharq Al-Awsat—The ninth World Islamic Economic Forum (WIEF) launched on Tuesday at London’s ExCel Centre, for the first time ever in a non-Muslim country. Entitled ‘Changing Worlds, New Relationships,’ the forum’s main focus is to enhance...

London steps up Islamic finance ambitions

by Asharq Al-Awsat | Sep 18, 2013 | Business

Kuala Lumpur, Reuters—Britain is encouraging banks through a task force to establish shari’a-compliant products, aiming to position London as a Western hub for a fast-growing Islamic finance sector that is expected to reach USD 2.6 trillion by 2017. Aiming to...

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From left to right: WIEF Chairman Tun Musa Hitam, Prime Minister of Malaysia Dato Sri Mohd Najib Tun Razak, Mayor of London Boris Johnson, Minister for Trade and Investment Lord Stephen Green at the 9th WIEF press conference in City Hall, London on July 3, 2013. (Asharq Al-Awsat)

World Islamic Economic Forum to be held in London

by Nadine Makarem | Jul 3, 2013 | Business

London, Asharq Al-Awsat—London is set to become the first western city to host the annual World Economic Islamic Forum (WIEF), it was announced on Wednesday. The forum, set to be held in the city’s Excel Centre in October, was launched by the prime minister of...