Tanzania, May 28 -- "Britain is working on the technicalities of issuing a sovereign Sukuk or Islamic bond worth £200 million as early as next year.

For a country to issue a Sukuk, you need only two things: political will and pragmatism. And here in Britain, we have both."

These were the words of former UK Prime Minister David Cameron during the World Islamic Economic Forum held from October 29 to 31, 2013.

UK issued its inaugural sovereign Sukuk 200 million pounds in 2014 and the second in 2019 worth 500 million pounds. Yes, it requires just two things, political will by a country leadership and pragmatism.

The same year South Africa issued its sovereign Sukuk worth $500 million and followed with another in 2024 worth $3.25 bill...