Islamic finance: Sukuk bonds traded on London stock exchange 2009-2016

This statistic shows the number of sukuk bonds listed and traded on the London Stock Exchange (United Kingdom) between 2009 and 2016. Sukuk are Islamic bonds, which are structured in a specific way, allowing to generate financial returns. It ensures no infringement of the Islamic law, which prohibits benefitting from the interest rate. The interest rate is called "riba" in Islamic finance, which is understood as "making money on money" and is seen as unjust. In 2016, London was the leading center for Islamic finance in Western Europe, after Saudi Arabia, Malaysia, United Arab Emirates, Kuwait, Quatar, Turkey, Indonesia, Bahrain and Pakistan. Between 2009 and 2016, a steady growth in nuber of sukuk bonds offered on the London Stock Exchange could be observed. The numbers rose from 18 bonds traded in 2009, up to 57 sukuk listings on the London Stock Exchange as of 2016. Not only the number of traded bonds has grown over time, also the value of sukuk traded on LSE has increased in the recent years.