Chancellor Gordon Brown will today set out a three-point plan to make the UK "the gateway for Islamic finance".
He will deliver his message in a speech to the Islamic Finance and Trade Conference in London, organised by the Muslim Council of Britain.
The Islamic Bank of Britain is based in Birmingham.
Mr Brown will say he wants to make the UK the location of choice for Islamic investment, pointing to the work done to create a financial framework compliant with sharia law.
Secondly, Mr Brown wants to strengthen UK trading links with Muslim countries.
He will also stress his determination to help break the world trade talks deadlock in a deal designed to boost the Middle East and Indonesia.
Mr Brown will say: "It is the vibrancy and dynamism of Britain's Muslims, combined with Britain's openness to the world and our historic ties with Muslim countries, that means the ambition you have set for yourselves - to make Britain the gateway to Islamic finance and trade - is one I believe Britain is well placed to achieve."
Dr Abdul Bari, secretary-general of the Council, said: "We all know that the current climate of tension calls for an alternative approach, one that promotes peace and dialogue."
