This is how a society collapses.
BRITAIN’S FIRST ‘ISLAMIC BOND’ RECEIVES £2BN WORTH OF ORDERS
LONDON, June 25 (Reuters) – Britain received orders of more than 2 billion pounds ($3.39 billion) during the bookbuilding process for the sale of its first Islamic bond, one of the bookrunners for the syndication said on Wednesday.
The five-year bond, known as a sukuk and intended to raise 200 million pounds, is being launched by the government as part of an effort to boost London’s position as a centre for Islamic finance, and is the first to be issued by a Western national government.
More here. H/T: Buck