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The speakers included Howard Davies who is the Chairman at the Financial Services Authority, the regulatory organisation that guides, supervises and regulates the banking and financial industry in the UK. Notable points were that the potential market for Islamic financial products in the UK was recognised to be very large. With regards to Islamic mortgages in particular, it was acknowledged that the main problem today is that stamp duty will sometimes be paid twice. It is encouraging that the authorities are now taking an active interest in the needs of the UK's Muslim community and are working to make it easier for more Shari'ah compliant financial products to become available.
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