(VOVworld) - Britain will become the first non-Muslim country to sell bonds that can be bought by Islamic investors with the aim of encouraging massive new investment.

UK Prime Minister was speaking at WIEF in London on Oct 29th, 2013. Photo: internet

Speaking at the World Islamic Economic Forum in London on Tuesday, British Prime Minister David Cameron said the Treasury is drawing up plans to issue a £200 million Sukuk, a form of debt that complies with Islamic financial law. The new sharia-compliant bond issuance will make Britain the first non-Muslim country to tap the growing pool of Islamic investments that is forecast to top £1.3 trillion by next year. Mr. Cameron said it would be a “mistake” to miss the opportunity to encourage more Islamic investment in the UK.