The Government has announced the creation of the first Islamic Finance Task Force, with SNR Denton partner Richard de Belder among its members. The Task Force will have three objectives to help consolidate London as the western hub of Islamic finance:
- acting as UK Ministerial Champions of the World Islamic Economic Forum that will take place in London on 29 to 31 October 2013;
- engaging with the UK Islamic Finance Secretariat and others to raise the international profile of the UK financial and related professional services industry; and
- facilitating Shari’ah-compliant finance and investments into the UK, including the ongoing support for Sovereign Wealth Funds looking to invest in UK infrastructure.