He will be joined by Nigel Denison, Managing Director of Bank of London and the Middle East (BLME), Azeemah Zaheer, Vice President of Gatehouse Bank, and Baroness Warsi, Chair of the Global Islamic Finance and Investment Group and the UK’s Ministerial lead on Islamic Finance.
Baroness Warsi said: “Islamic finance is growing 50 percent faster than traditional banking and Britain is committed to being part of that rise. London is already the Western capital of Islamic finance, but we want to go further – we want Britain to become a global hub of Islamic finance. “Key to this is attracting the brightest and the best to this sector. And the Oxford Islamic Banking and Finance Society will do just that – bringing the opportunities of one of the world’s fastest growing markets to students at one of the world’s top universities.
Last year was a big year for Islamic finance in Britain. We launched the government’s Islamic Finance Task Force; we hosted the World Islamic Economic Forum – the first outside the Muslim world; and we committed to issuing the first Islamic-compliant government bond, or sukuk. With the launch of societies like this, 2014 is set to be just as exciting a year for everyone involved in this burgeoning sector, Baroness added.