Islamic finance in britain: Opportunities and challenges

This article examines the opportunities and challenges of islamic finance in the uk through official documents,reports from consultancy firms such as the international financial services london (ifsl),and academic studies which have focused on this matter. the article listed the most important obstacles that may impede the growth and development of islamic finance in this country and enlisted some of the achievements attained by the authorities concerned to overcome these obstacles. on the other hand,the article identifies a number of opportunities that may be offered by the british market for islamic finance. the article concluded with a number of results which may benefit different entities; regulatory authorities in other countries,islamic finance industry,as well as academia and research institutions whose programmes are enriched by the provision of practical examples of the reality of islamic finance in different regions.