All-Party Parliamentary Groups (APPGs) are informal cross-party groups that have no official status within Parliament. An APPG is an informal group of Members who join together to pursue a particular topic or interest. It is essentially run by and for Members of the Commons and Lords, although many groups involve individuals and organisations from outside Parliament in their administration and activities.
The APPGIF is a subject group with the purpose of:
- Giving the Islamic finance industry a voice in Parliament
- Addressing issues as they arise such as Sukuk issuances, inclusivity, regulation and taxation
- Positioning the UK as the European hub of Islamic financial services
- Playing a wider role in promoting ethical finance