The data displays the number of sukuk bonds listed and traded on the London Stock Exchange (the UK) between 2009 and 2016. Sukuk are Islamic bonds, which are structured in a specific way, allowing to generate financial returns. It ensures no infringement of the Islamic law, which prohibits benefitting from the interest rate. The interest rate is called "riba" in Islamic finance, which is understood as "making money on money" and is seen as unjust. In 2016, London was the leading center for Islamic finance in Western Europe, after Saudi Arabia, Malaysia, United Arab Emirates, Kuwait, Quatar, Turkey, Indonesia, Bahrain and Pakistan.
2009 | 18 |
2010 | 20 |
2011 | 31 |
2012 | 37 |
2013 | 49 |
2014 | 49 |
2015 | 53 |
2016 | 57 |