The AGM for the APPG on Islamic Finance (APPGIF) took place at Westminster on Monday 3rd July 2017. The meeting was well attended and the following office holders were elected:
Chair – Naz Shah MP
Co-Chair – Lord Sheikh
Vice Chair – Baroness Bowes, Lord Gordon, Lord Hussain, Earl of Lindsay, Lord Newby, Wes Streeting MP and Stephen Timms MP
Secretary – Baroness Uddin
A further six parliamentarians agreed to become members of the APPGIF.
The purpose of the APPGIF is to:
– give the Islamic finance industry a voice in Parliament;
– address issues as they arise such as Sukuk issuance, inclusivity, regulation and taxation
– position the UK as the European hub of Islamic financial services
– play a wider role in promoting ethical finance.
The APPGIF will now begin planning a stakeholder meeting, bringing parliamentarians together with industry, academic and community leaders, for after the summer recess.