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Press Release We the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) are pleased to announce our participating in and supporting the 2008 London Sukuk Summit which will be held at the Royal Horseguards in Whitehall on the 25th to 26th June 2008. The Summit, whose theme is 'Gearing up for UK Sukuk Originations', is supported by the UK Treasury; the Financial Services Authority (FSA); the City of London Corporation and the Islamic Financial Services Board (IFSB). It is also endorsed by UK Trade & Investment (UKTI), the trade promotion arm of the UK Department of Trade & Industry. ICIEC would like to seize this opportunity to present and share views with Sukuk industry experts on its proposal for providing credit & political risks mitigation tools and other innovative products designed to encourage the development of Sukuk as an important Islamic financial tool for the mobilization of resources. The timing of the Summit could not be more opportune. It comes at a time when the UK government took a definitive step nearer to the eventual issuance of a debut sovereign benchmark Islamic bond (Sukuk) when Chancellor of Exchequer Alistair Darling confirmed in his Budget 2008 announcement on 12 March that "the Government remains committed to examining this issue and will continue to assess the feasibility of issuing a sovereign Sukuk". In fact the UK Government has taken legal powers in the Finance Bill 2008 to facilitate a future sovereign issuance. The Sukuk Summit will be addressed by a bevy of top local and international experts and ICIEC see the Sukuk Summit as a vital event in consolidating London as a major international hub for Islamic trade, finance and investment, which is in line with the stated policy of the UK government. We look forward to participating in the Summit and plan to leverage and to contribute to the discussions and networking opportunities to expand our contacts and further understanding of the sector. If you have any interest in Islamic capital markets or in Sukuk and other Islamic commercial papers, this is a Summit which you simply cannot afford to miss. We look forward to seeing you at this unique and ground-breaking event!
Book online now to avoid disappointment: www.sukuksummit.com/london |
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| Summit Secretariat | Sukuk Summit 2008 | ICG, First Floor Albion House, 470 Church Lane, Kingsbury, London NW9 8UA, UK |
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