For the first time in more than 10 years the Bank of England has raised interest rates. The official bank rate has been lifted from 0.25{193b0148ea321fadc734c77a77411744ff00523eb37bb96872a1255c49fbad99} to 0.5{193b0148ea321fadc734c77a77411744ff00523eb37bb96872a1255c49fbad99}, the first increase since July 2007. Source: First UK interest rate rise in 10 years – BBC News
By Davide Barbuscia DUBAI, Oct 31 (Reuters) – Dubai-based Emirates REIT, a sharia-compliant real estate investment trust, plans to issue a debut Islamic bond of at least $300 million by the end of this year, said a source close to the company. Source: Dubai’s Emirates REIT plans debut sukuk of at least $300 mln this year – Nasdaq.com
Britain ‘perfectly placed’ to gain from Islamic finance boom, minister says UK trade minister Rona Fairhead said that London will continue to lead the West in Islamic finance Source: Britain ‘perfectly placed’ to gain from Islamic finance boom, minister says – The National
Malaysia works to solidify position as Islamic finance hub Central bank assistant governor sees potential in fintech to propel growth Source: Interview: Malaysia works to solidify position as Islamic finance hub- Nikkei Asian Review
