Speaking at the World Islamic Banking Conference, UKTI chief executive Andrew Kang said the recent growth of Islamic finance, and pointed to its resilience through the current economic slowdown and turbulent market conditions.
Islamic finance and the United Kingdom
Branch, he said, is now worth £ 250 million worldwide, but the growth rate of 15 per cent in the near future.
Mr. Kahn said: "The huge financial flows currently in the Persian Gulf and some Asian countries are driving the growth of Islamic finance industry.
"Investors want and expect that their investments will be compatible with the Shariah, and this requirement only in the near future.
In the first half of 2008, the United Kingdom, the fifth Islamic bank, Bank of the gate, opened the door for the economy, while a Shariah-compliant insurance, the insurance principle, have begun to trade.
Financial Services Authority in London, has become a global center of Islamic finance and pledged to support the growing sector.