Government Securities: Islam

Treasury written question – answered on 22nd July 2019.

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Photo of Stephen Timms Stephen Timms Labour, East Ham

To ask the Chancellor of the Exchequer, with reference to his Mansion House speech of 20 June 2019, when he plans to issue a second sovereign sukuk; and if he will make a statement.

Photo of Alan Brown Alan Brown Shadow SNP Spokesperson (Transport), Shadow SNP Spokesperson (Energy)

To ask the Chancellor of the Exchequer, with reference to his Mansion House dinner speech on 20 June 2019, what his timeframe is for his Department to issue a second sovereign sukuk; and if he will make a statement.

Photo of John Glen John Glen Minister of State (Treasury) (City), The Economic Secretary to the Treasury

Over the coming weeks the relevant teams at HM Treasury will work with the Debt Management Office and other officials on formulating the procurement process for the appointment of structuring and legal advisers. A specific timetable has not yet been determined for this. Further announcements, including on the timing of the issuance, will be made in due course.

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