The UK Government Sukuk and prospects for further Sukuk in Europe

The United Kingdom issued  a £200m Shariah compliant Trust Certificate using a Sukuk al Ijara structure in July 2014.

This was the first European sovereign Sukuk and a seminal moment in the development of the Islamic financial services industry, not just in the UK but also, potentially, across a wider European footprint.  

Please click here for a briefing paper that takes a closer look at the transaction and explores what the UK Sukuk might mean for the further development of Islamic finance in a wider European context.