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Linklaters appointed to advise UK Government on Sukuk issue

February 1, 2014

Linklaters has been appointed by HM Treasury to advise on the highly anticipated first issue of Sukuk on behalf of the United Kingdom . Linklaters lawyers in London (led by Elaine Keats ) supported by sector experts from the firm's Dubai office (led by Neil Miller and Richard O'Callaghan ) will be working closely with the team at HM Treasury and HSBC , HM Treasury's selected financial adviser, to ensure a smooth and efficient process towards issuance. Jim Rice , Linklaters Global Head of Finance and Projects, said, "This appointment demonstrates the strength in depth and commitment of our debt capital markets practice and the recognition it has received in the international and Islamic capital markets for its innovative, cutting-edge advice in this area, which is helping the Islamic financial services industry better integrate with the international financial markets." Neil D Miller, Linklaters Global Head of Islamic finance, said, "The UK is highly regarded for the market-leading work it has done to level the playing field for Islamic finance. The Islamic banks operating in London have come through the financial crisis and are investing in the country. A UK sovereign Sukuk will demonstrate further government commitment to alternative finance and help secure more inward investment from the Middle East ."

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Source: CPI Financial

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