U.K. Government Won’t Issue Sovereign Sukuk on Lack of Value

Jan. 12 (Bloomberg) -- The U.K. government decided not to issue sovereign Islamic bonds as they don'€™t €œprovide value for money,€ the debt management office said today. The Exchequer will keep the situation under review, the statement said.

To contact the reporter on this story: Dana El Baltaji in Dubai at delbaltaji@bloomberg.net

Source : http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aq_MHT56mI.c = Jan 12, 2011