Simply Sharia

Islamic investment becoming ‘financial powerhouse’ in the UK

Sharia-compliant investment is rapidly growing in the UK and has become a “financial powerhouse”, according to specialist asset manager London Central Portfolio (LCP). The UK government has taken a number of steps to promote London as a place for Muslims to invest, including launching an Islamic Finance Task Force and issuing Sharia bonds. According to LCP, London has taken in over £11.7 billion worth of Islamic investment in the last 10 years, making it the largest Islamic financial centre in the western world. However, there are still limited investment options in the sector when compared to the wider financial market. In order to address this issue, LCP and Simply Sharia have teamed up to organise a series of roadshows to look at the best Islamic investment opportunities in the market today. The events will be hosted by Signature Tax and will take place in Manchester, Birmingham, Leicester and London.

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