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London now a key Islamic finance centre
London has emerged as the key Western centre for Islamic finance, acting as the leading financial centre with specific provisions made to spearhead the sector with the British government support, UK minister Greg Clark said.
During his recent visit to Malaysia, Clark who is also the financial secretary to the Treasury of the UK, said it could not be denied that Islamic finance played a role Malaysia's changing skyline, saying London will also see the same.
"We have seen how the skyline of Kuala Lumpur has changed in recent years, and Islamic finance played a role in this but what is little known by travellers to London is how the recent developments there were also touched by the sector," Clark said.
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