What’s wrong with Islamic finance?

28 May 2018

The British government has made it a stated aim to make London the western hub of Islamic finance.

In 2014, the UK became the first non-Muslim country to issue an Islamic bond. Many banks and financial institutions are offering Islamic financial products. These institutions have accepted the narrative of Islamic finance, but many Muslims do not agree with or want Islamic finance, and there are real concerns about its origins and aims.

This booklet explains the origins, aims and problems arising from the promotion of Islamic finance in the UK.

Second edition, revised 2018

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