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Bank of England announce the launch of the long-awaited Shariah compliant non-interest-based deposit facility

December 14, 2020 IFN Islamic Finance news
IFN OnAir
Bank of England announce the launch of the long-awaited Shariah compliant non-interest-based deposit facility
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Andrew Hauser, Executive Director for Markets, Bank of England delivered his keynote address at  IFN UK Forum 2020 . The long-awaited Shariah compliant non-interest-based deposit facility, an instrument years in the making, will be operational in the first quarter of 2021