The UK's banking system as financial hub for Islamic banking

This paper examines the phenomenon of London as "the Islamic banking hub". It contends that London has become not only an international centre for Islamic finance, but also that there is big interest and demand for Islamic banking products. The authors are also positive that Islamic banking may be a certain solution for the problems that Europe has been suffering since 2007 when the global debt crisis started. Our intention is to attract other researchers to this subject, as we believe Islamic finance may play an important role in the future of global financial markets.