Islamic Finance APPG

First Registered: 03/02/2016 • Last updated on: 10/03/2021

Official Page

To give the Islamic finance industry a voice in parliament; to address issues as they arise such as Sukuk issuances, inclusivity, regulation and taxation whilst positioning the UK as the European hub of Islamic financial services, and also to play a wider role in promoting ethical finance.

Note: All-Party Parliamentary Groups (APPGs) are informal, cross-party groups formed by MPs and Members of the House of Lords who share a common interest in a particular policy area, region or country. APPGs have no official status within Parliament.

Current Members - Contact Details - Benefits in Kind - Financial Benefits - Former Members

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Recent Documents related to Islamic Finance

1. 4th Annual Meeting of the Global Islamic Finance and Investment Group‎
13/09/2017 - HM Treasury
- View source

Found: 4th Annual Meeting of the Global Islamic Finance and Investment Group‎ - GOV.UK

2. Rona Fairhead promotes UK as a leading Western hub for Islamic finance
30/10/2017 - Department for International Trade
- View source

Found: Fairhead promotes UK as a leading Western hub for Islamic finance - GOV.UK

3. Islamic Finance
03/02/2016 - APPGs

Found: To give the Islamic finance industry a voice in parliament; to address issues as they arise such as Sukuk

4. Charity Inquiry: Markaz - EL Tathgheef - EL Eslami (The Centre for Islamic Enlightening)
09/04/2020 - The Charity Commission (Charity Commission)
- View source

Found: Markaz - EL Tathgheef - EL Eslami (The Centre for Islamic Enlightening) Charity Commission Inquiry

5. Global Islamic finance summit confirms UK as lead Western hub
28/04/2016 - HM Treasury
- View source

Found: Global Islamic finance summit confirms UK as lead Western hub

Latest Documents
Recent Speeches related to Islamic Finance

1. Sharia-compliant Student Finance
25/07/2019 - Lords Chamber

1: alternative student finance, known as ASF, compatible with the principles of Islamic finance. We have received - Speech Link
2: We are trying to replicate a system of student finance that delivers the same results as now, whereby - Speech Link
3: years so far, have they not produced a student finance scheme, which is obviously to the detriment of - Speech Link

2. Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) Order 2018
25/06/2018 - Lords Chamber

1: establish itself as a leading western centre for Islamic finance, illustrated by the UK becoming the first western - Speech Link

3. Exports: Africa and the Commonwealth
27/11/2017 - Lords Chamber

1: airport in Uganda. This is the largest UK Export Finance loan to Africa. Those examples show the tremendous - Speech Link
2: on four primary pillars: logistics, commerce, finance and insurance. But there is little linking within - Speech Link
3: Mansion House to welcome the Algerian Minister of Finance and his highly professional team to a conference - Speech Link

4. UK Exports
08/03/2017 - Lords Chamber

1: In addition, Government must ensure that export finance is available where there is traction from our exporters - Speech Link
2: exports to pay for imports and we have to borrow to finance this problem. We need to be very clear that it - Speech Link
3: countries. I draw attention to the UK’s growing Islamic financial services industry and the opportunities - Speech Link

5. Student Loans
23/07/2020 - Lords Chamber

1: making voluntary repayments as well, but student finance is, in law, a loan, so the Student Loans Company - Speech Link
2: co-chair the APPG on Islamic Finance. In 2013, David Cameron spoke at the World Islamic Economic Forum and - Speech Link

Latest Speeches
Recent Questions related to Islamic Finance
1. Islamic State
asked by: Matthew Offord
16/01/2020
... what assessment his Department has made of the level of (a) the resurgence of Daesh in Iraq and (b) the threat posed by Daesh on the stability in the Middle East.

2. Islamic State
asked by: Rosie Cooper
16/11/2020
... what estimate her Department has made of the number of UK residents who are members of Daesh.

3. Islamic State
asked by: Gareth Bacon
04/05/2020
... what recent discussions has he had with coalition allies on preventing ISIS from resurging.

4. Islamic State
asked by: Scott Benton
13/01/2020
... what steps he is taking to work his (a) Iraqi and (b) Turkish counterparts to tackle the insurgent threat posed by ISIS.

5. Islamic State
asked by: Marquess of Lothian
27/01/2020
... those IS fighters who have travelled from Idlib in Syria to Libya; and what discussions they have had with the government of Jordan and other partners in that region about the development of a strategy to combat that re-emergence.

Latest Questions
9 Current APPG Officers
Lord Alderdice Portrait
Lord Alderdice
Vice Chair
Liberal Democrat - Life peer
Joined: 3rd February 2016
Baroness Bowles of Berkhamsted Portrait
Baroness Bowles of Berkhamsted
Vice Chair
Liberal Democrat - Life peer
Joined: 24th November 2016
1 APPG Membership
Corporate Governance
Earl of Lindsay Portrait
Earl of Lindsay
Vice Chair
Conservative - Excepted Hereditary
Joined: 28th September 2017
Wes Streeting Portrait
Wes Streeting
Vice Chair
Labour - Ilford North
Joined: 24th November 2016
Contact Details

Registered Contact:

Naz Shah MP, House of Commons, London, SW1A 0AA. Tel: 020 7219 8603.

Email: naz.shah.mp@parliament.uk

Public Enquiry Point:

Chris Tait, UK Islamic Finance Council, Office of Lord Sheikh, House of Lords, Westminster, London SW1P 0PW. Tel: 020 7219 5529

Email: chris@ukifc.com

Group's Website:

https://www.appgif.org.uk/

No benefits in kind are on record for the Islamic Finance APPG

No direct financial benefits are on record for the Islamic Finance APPG

Former APPG Officers
Lord Newby Portrait
Lord Newby
Vice Chair
Liberal Democrat - Life peer
Joined: 24th November 2016
Departed: 5th November 2019
1 APPG Membership
Transport Across the North
Lord Gordon of Strathblane Portrait
Lord Gordon of Strathblane
Vice Chair
Labour - Deceased - 1 April 2020
Joined: 24th November 2016
Departed: 23rd October 2019
No other APPG Memberships
None Portrait
Earl of Lindsay
Vice Chair
Joined: 24th November 2016
Departed: 2nd May 2017
Andrew Stephenson Portrait
Andrew Stephenson
Vice Chair
Conservative - Pendle
Joined: 3rd February 2016
Departed: 12th October 2016
No other APPG Memberships