Islamic index plan for the London Stock Exchange

David Cameron is unveiling plans for a new Islamic index on the London Stock Exchange to try and establish the City as one of the world's leading centres of Islamic finance. The Prime Minister wants the UK to become the first country outside the Islamic world to issue its own Islamic bonds.

Already London is the biggest centre for Islamic finance outside the Islamic world. And today our ambition is to go further still.

Because I don't just want London to be a great capital of Islamic finance in the Western world, I want London to stand alongside Dubai as one of the great capitals of Islamic finance anywhere in the world.

There are some countries which naturally look inwards, pull up the drawbridge and refuse to recognise that the way the world is changing affects their future success. But Britain will not make that mistake.

– David Cameron

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Islamic index on Stock Exchange

David Cameron is unveiling plans for a new Islamic index on the London Stock Exchange to try and establish the City as one of the world's leading centres of Islamic finance.