UK treasurers thrilled as BoE eyes Shariah liquidity lines

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UK treasurers thrilled as BoE eyes Shariah liquidity lines

The Bank of England (BoE) will begin work next year figuring out how to provide Islamic banks with Shariah-compliant liquidity facilities. Even without knowing what rates or requirements the prospective facilities will involve, the UK’s Islamic lenders — long starved of Shariah-compliant liquid assets — say anything will be better than holding cash.

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