City in fresh bid to become Sharia finance hub
London is set to go head-to-head with the world's leading Islamic finance centres as the government pushes to make the UK a leading centre for Sharia-compliant lending.
Standard & Poor's has forecast that the market for Sharia-compliant products will double to $3 trillion by 2015, while consultancy Oliver Wyman estimated that 150 new Islamic financial institutions will be needed globally by 2020 to satisfy demand.City in fresh bid to become Sharia finance hub - Telegraph
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