London to take on Islamic finance

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04.11Prime Minister David Cameron has plans to launch an Islamic Market Index on the London Stock Exchange, it’s just a small part of a bigger plan that Britain has to tap in to the rapidly increasing market of Islamic finance, which is expected to exceed 1.3 trillion pounds in the next year. According to some journalists that received statements ahead of time, when Mr. Cameron makes his speech he will talk about London as being the biggest centre for Islamic finance outside the Islamic world, and that he wants London to ‘stand alongside Dubai as one of the great capitals of Islamic finance anywhere in the World.’