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Consultations & legislation
23 April 2007
The Economic Secretary has asked the Debt Management Office and HM Treasury to carry out a feasibility study into opportunities for the Government issuing Islamic financial instruments in the wholesale sterling market, consulting with the new Experts Group and reporting at the time of the Pre-Budget Report.
The working group will examine the wider benefits from the issuance of sukuk bonds for the development of London as a centre for Islamic finance in the context of our debt management policy objective of minimising long-term cost, taking into account risk, and examining the implications for gilt market structure and management.
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