Britain is set to become the first non-Muslim country to sell a bond that can be bought by Islamic investors in a bid to encourage massive new investment into the City.It will be an even more deplorable mistake to turn Britain from a non-Muslim country into one that is Muslim, because that's where all this is going to lead. We can learn a vital lesson from this: being "conservative" alone does not make one courageous nor a realist. Cameron is neither, and is leading his country to further ruin with this awful economy-wrecker.
David Cameron will say in a speech on Tuesday at the World Islamic Economic Forum in London that the Treasury is drawing up plans to issue a £200m Sukuk, a form of debt that complies with Islamic financial law.
The new sharia-compliant gilt will enable Britain to become the first non-Muslim country to tap the growing pool of Islamic investments that is forecast to top £1.3 trillion by next year.
The Prime Minister will say that it would be a “mistake” to miss the opportunity to encourage more Islamic investment in the UK and that the City of London should rival Dubai as a centre for sharia-compliant finance.
Friday, November 01, 2013
BRITAIN BECOMING FIRST NON-MUSLIM COUNTRY TO LAUNCH SHARIA BONDS
And we can thank the "conservative" David Cameron for that, since he's going to give a launching speech:
Posted by Avi Green at 7:57 AM