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Money from Saudi Arabia and other Sunni-majority countries are well integrated into the world's Banking system. I doubt you can just carve out Saudi money out.
by 75dvtwin 8y ago
Money from Saudi Arabia and other Sunni-majority countries are well integrated into the world's Banking system.
I doubt you can just carve out Saudi money out.
Building such filters now, would be quite a challenge technically, and obviously, our politicians think that that would destabilize the region, or move the 'seems-like-our-allies' towards Russia/China.
Plus it would affect dramatically London's real-estate prices (it will drop, by quite a bit) that could trigger some sort of short-term British pound crisis.
Most of the leading European Banks offer what is known as 'Islamic Finance' products, as well (that's in addition to other integration methods).
See (2015)
"...
There are currently six Islamic banks in Britain, while another 20 lenders currently offer Islamic financial products and services, more than any other Western country.
Chancellor George Osborne has said promoting the Islamic finance industry, which is worth nearly $2 trillion, would help make Britain “the undisputed centre of the global financial system".
Mr Ellwood also celebrated notable sharia-compliant investments that have been used to fund some of the capital’s largest developments, including The Shard and the Olympic Village.
…"
So VC money backed by Saudis is just one more, of many many vehicles employed.
https://www.telegraph.co.uk/finance/newsbysector/banksandfinance/11435465/Britain-to-lead-the-world-in-Islamic-finance.html https://www.telegraph.co.uk/finance/newsbysector/banksandfin...