IS BREXITBENEFICIAL OR DETRIMENTAL TO ISLAMIC INVESTMENTS IN BRITAIN?

The purpose of this research was to explore to the prospects of Islamic finance and investments in Britain in the aftermath of Brexit. Both primary and secondary sources of information used in this research. While published data and online databases were used as secondary source of information, a brief survey was carried out among a sample of 80 university students of Arab/Islamic origin in the UAE to gather primary information on the perceptions and opinions of people about the impacts of the Brexit on Islamic finance and investments. The secondary data analysis reveals that although there is same degree of concern over the future prospects, Britain would continue to remain strong even after Brexit and the Islamic finance and investments will grow even stronger in the country. The Survey results also suggest that Britain would remain a strong playground for Islamic finance and investments that is unaffected by the issues emerged from Brexit. It would help open up new and improved avenues for Islamic finance and investments in Britain.