When the Mayor of London recently identified London as being the next international centre for Islamic finance and indicated that this may mean the issue of sukuk by entities located in the United Kingdom, it highlighted the growth of interest in Islamic finance in the United Kingdom and the rest of Europe. This signals a significant moment of change in the development of the international Shari’a compliant capital markets and a more focused attempt to make London one of the key financial centres for this product. The British government has also launched a task force on Islamic finance to encourage such growth on the London market. Significantly, the London Stock Exchange has in addition announced its plans to launch an Islamic Market Index as a new way of identifying Islamic finance opportunities. The message seems to be clear: Islamic finance is going to grow and for the first time, grow organically in the London market.