Global Trade Alert
Global Trade Alert

UK: Eximbank guarantees sukuk loan to Emirates

Announcement

17 Jul 2015

In July 2015, the British government announced a change in its trade finance instruments.

Source

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Number of interventions

2

2 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

17 Jul 2015

Revocation date:

No revocation date

Last action: 17 Jul 2015
Local value added incentive In force
According to a media report (cf. Sources), UKEF provides loans under the condition that at least 25% of the loan is targeted to support British jobs.
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Last action: 17 Jul 2015
Trade finance In force
On 17 July 2015, the UK Export Finance agency announced in a press release that it had issued its first guarantee for a sukuk (Islamic loan). The loan worth 913 million USD would finance the purchase...
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