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1139321
registered interest false more like this
date less than 2019-07-16more like thismore than 2019-07-16
answering body
Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading Financial Services: Islam more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Chancellor of the Exchequer, what assessment the Government has made of the potential merits of using Islamic financial certificates, sukuk to finance infrastructure projects without adding to Government debt on the public sector balance sheet; and if he will make a statement. more like this
tabling member constituency East Ham more like this
tabling member printed
Stephen Timms more like this
uin 277616 remove filter
answer
answer
is ministerial correction false more like this
date of answer less than 2019-07-22more like thismore than 2019-07-22
answer text The proceeds from the Sukuk, like the proceeds from the wider gilt programme, flow into the consolidated fund. This is used for general expenditure, including expenditure on infrastructure. The government considers the core gilt program rather than the Sukuk to be the most cost-effective way of raising money for expenditure, including that of infrastructure projects. The main purpose behind the decision to issue a second Sukuk is to reaffirm the government’s commitment to the UK being the Western hub for Islamic finance, whilst also providing high-quality liquid assets to UK-based Islamic banks. more like this
answering member constituency Salisbury more like this
answering member printed John Glen more like this
grouped question UIN 277781 more like this
question first answered
less than 2019-07-22T14:01:35.697Zmore like thismore than 2019-07-22T14:01:35.697Z
answering member
4051
label Biography information for John Glen more like this
tabling member
163
label Biography information for Sir Stephen Timms more like this