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China, Hong Kong, Taiwan: Waning interest?

Posted on 03 June 2011

China, the world`s second largest economy, and Hong Kong, one of the most sophisticated financial jurisdictions, have both expressed interest in exploring the options available via Islamic financing. How far have these countries progressed in their bid, and how dedicated are they to the cause?
Home to 26 million Muslims, with a strong Islamic heritage and ties to the Middle East dating back centuries, the prospects for the proliferation of Islamic banking in China are bright. However, it has recently been revealed that the Bank of Ningxia, the republic`s first Islamic bank, has put its plans to fully mobilize on hold, in order to further observe market demand……………………………………….Full Article: Source

 
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This post was written by:

Laxman - who has written 19160 posts on Opalesque Islamic Finance Briefing.


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