London on the hunt for Islamic capital: the Treasury launches a second Sukuk

The UK is on the hunt for capital in the Muslim world. And it does so by promising a Lilliputian return. The Treasury of Great Britain has launched a Sukuk, an Islamic bond: 500 million pounds at a “rate” of 0.33% maturing in 2026.

First and only European country

In Europe, the United Kingdom was the first, and so far only, sovereign country to launch a government bond intended exclusively for Muslim investors. With yesterday’s issue, the second in its history, London reaffirms its leadership …