UK takes first steps towards Islamic finance rules Hedge Funds Review Magazine, <http://www.hedgefundsreview.com/public/showPage.html?page=830986> UK December 12 2008 The UK government has launched a consultation on Islamic finance. The government hopes the joint Treasury-Financial Services Authority consultation on proposals for a legal framework for the regulation of alternative finance investment bonds, including sukuk, will support the growth of Islamic finance in the UK and to increase its position as a leading global centre in this market. As well as the consultation, the government also published a paper, "The development of Islamic finance in the UK". The idea is to raise awareness of the growing role of Islamic finance in the UK by providing a stock take of achievements to date and examining the remaining barriers to growth. The consultation on the regulation of alternative finance investment bonds (sukuk or Islamic bond) sets out the proposed legislative framework for the regulatory treatment of these vehicles. AFIBs refers to sukuk as well as any financial instrument with similar characteristics. Classifying Islamic financial instruments, including sukuk, under existing regulations has (...) _____ Listen to 350+ music, sports, & news radio stations - including songs for the holidays - FREE while you browse. Start <http://toolbar.aol.com/aolradio/download.html?ncid=emlweusdown00000013> Listening Now! [Non-text portions of this message have been removed] ------------------------------------ -------------------------- Want to discuss this topic? Head on over to our discussion list, [email protected]. -------------------------- Brooks Isoldi, editor [email protected] http://www.intellnet.org Post message: [email protected] Subscribe: [email protected] Unsubscribe: [email protected] *** FAIR USE NOTICE. This message contains copyrighted material whose use has not been specifically authorized by the copyright owner. OSINT, as a part of The Intelligence Network, is making it available without profit to OSINT YahooGroups members who have expressed a prior interest in receiving the included information in their efforts to advance the understanding of intelligence and law enforcement organizations, their activities, methods, techniques, human rights, civil liberties, social justice and other intelligence related issues, for non-profit research and educational purposes only. We believe that this constitutes a 'fair use' of the copyrighted material as provided for in section 107 of the U.S. Copyright Law. If you wish to use this copyrighted material for purposes of your own that go beyond 'fair use,' you must obtain permission from the copyright owner. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtmlYahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/osint/ <*> Your email settings: Individual Email | Traditional <*> To change settings online go to: http://groups.yahoo.com/group/osint/join (Yahoo! ID required) <*> To change settings via email: mailto:[email protected] mailto:[email protected] <*> To unsubscribe from this group, send an email to: [email protected] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
