Innovations in Islamic Finance 2015: UK

£200 million sukuk

View award winners
Related editorial coverage

Advisers: Barwa Bank, CIMB, HSBC, National Bank of Abu Dhabi, Standard Chartered, Linklaters, Clifford Chance

Sovereigns from countries without an Islamic majority in Asia, Africa and the eurozone all made their debuts in the sukuk market last year, often seeking to proof their potential as a hub for Islamic finance.

But it was the UK that beat the others – Hong Kong Luxembourg, and South Africa – becoming the first sovereign outside the Islamic world to...