Opportunity Knocks: the UK as an International Centre for Islamic Capital Markets & Sukuk

IFN OnAir

What does a vibrant, liquid market for Islamic capital raising and issuances in a major Western capital look like, and what more should London do? How should regulatory frameworks evolve to meet market requirements and how can the performance and impact of UK Islamic capital markets be enhanced? Has the UK capitalized on the 70+ Sukuk and three Islamic ETFs listed on LSE, as well as unparalleled expertise in areas such as export credit? Can more be done to supply the market with high-quality liquid assets, and to what extent would this contribute to building a yield curve unique to Islamic financial institutions? How can green and sustainability linked Sukuk and other innovations flourish in the UK?

Moderator:

Nitish Bhojnagarwala, Senior Vice-President, Financial Institutions Group, Moody’s Ratings

Panelists:

Ahsan Ali, Managing Director and Head, Islamic Corporate and Investment Banking, Standard Chartered Saadiq
Jonathan Grosvenor, Senior Associate, Trowers & Hamlins
Dr Mohamed Damak, Managing Director and Global Head of Islamic Finance, S&P Global Ratings
Shrey Kohli, Head of Debt Capital Markets, London Stock Exchange