Is Saudi Money Buying Britain's Soul?

Is Saudi Money Buying Britain's Soul?

The City is open for Islamic business. That's the message from David Cameron today at the World Islamic Economic Forum. The UK government wants to start issuing Sukuk bonds, essentially allowing it to borrow from Muslim investors. The FTSE will also establish an Islamic index, allowing investors to direct their money specifically towards Islamic-compliant firms. The motive here is clear: the amount of money that Muslim states, companies and individuals have to invest will reach £1.3 trillion shortly, according to Mr Cameron’s office. The UK wants as big a slice of that as possible.

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