Continuation
The Islamic finance sector operates under a single piece of
legislation.
It applies to all sectors, namely the Financial Services and
Markets Act 2000.
Hence, there is a level playing field for:
-
Islamic
-
and conventional
financial products.
It allowing the market to cater to the needs of ethnic
minority consumers.
The UK government’s enabling:
-
fiscal
-
and regulatory
framework for Islamic finance includes the following several
issues.
From the research paper of
European Central Bank
(Authors: F.Mauro, P.Caristi, S.Couderc, A.D.Maria, L.Ho,
B.K.Grewal, S.Masciantonio, S. Ongena and S.Zaher)
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