Written Question·Treasury·UIN 81612

Financial Services: Islam

Tabled: 13 October 2025

Answered: 21 October 2025

Question

Callum Anderson

To ask the Chancellor of the Exchequer, what assessment she has made of the potential impact of the UK’s Islamic finance sector on the Government’s objective of strengthening the UK’s position as a leading global financial centre.

Answer

Lucy Rigby

The UK is the leading Western destination for Islamic finance businesses. The Islamic finance sector also has a role in the overall UK financial ecosystem by providing sharia-compliant products for the UK’s Muslim population as well as its contribution to...

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