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Government Securities: Islam

Volume 467: debated on Thursday 22 November 2007

To ask the Chancellor of the Exchequer when he expects to introduce a sharia-compliant government bond. (167333)

The Treasury and Debt Management Office published a consultation document “Government Sterling Sukuk Issuance” on 14 November, with a deadline for responses of 21 February 2008. This document is available in the House Library and on the Treasury’s website at Following the consultation, the Government will consider the responses and announce a decision on the possible issuance of wholesale sterling denominated sukuk and next steps including the timetable for any primary legislation.