"UK to ease issuance of 'Islamic bonds'", Financial Times, October 31, 2006
The move by the U.K. will define the regulatory framework surrounding the issue of sukuk. Since there has not been a defined treatment of sukuk for capital gains tax or capital allowances, many companies have been reluctant to issue sukuk in London, instead issuing them offshore. In addition to capturing a share of the sukuk market, it "reflects hopes among senior British politicians that the sector could help build bridges with the Muslim world".
"Prudential plc to establish a fund management and distribution base at Dubai International Financial Centre", AMEinfo, October 31, 2006
U.K.-based financial services company Prudential plc announced that it received a license from the Dubai Financial Services Authority (DFSA) to operate in the Dubai International Financial Centre (DIFC). The company plans on using the license to expand into Shari'ah-compliant financial products.
"Ernst & Young to host the World Islamic Infrastructure Finance Conference 2006 Powertable", AMEinfo, October 31, 2006
The World Islamic Infrastructure Finance Conference Powertable will focus on how large-scale infrastructure projects can raise the capital necessary with Shari'ah-compliant products. The conference will be held November 5-6, 2006 in Doha, Qatar.
This is one of many conferences listed on the Institute of Halal Investing's website under Conferences