Islamic Finance
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The UK’s Islamic finance sector continued to grow in 2018 despite the economic uncertainty posed by the lack of a trade deal with the European Union in the aftermath of Brexit vote. The country witnessed its largest ever corporate Sukuk issuance and the launch of several new initiatives such as the Islamic Fintech Panel and…
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Islamic home-buyers in the UK are set to have more options as the Islamic mortgage market becomes more competitive with Gatehouse Bank announcing new home purchase financing plans on the heels of a record GBP100 million (US$130.53 million) in lending completed last year. To support its growth plans, Gatehouse also announced expansion of its underwriting…
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Islamic fintech in the UK was in the spotlight with several key funding announcements from MoneeMint and Wahed invest over the past month as well as the hosting of the UK-Turkey Islamic Fintech Forum by the British Consulate-General in Istanbul. Start-up Moneemint, which aims to become “the UK and Europe’s first completely digital ethical bank”…