The Financial Services Branch of the Financial Services and the Treasury Bureau of Hong Kong issued their response to the Sukuk consultation paper which was issued in March 2012.
The formal title of the consultation paper was “Proposed Amendments to the Inland Revenue Ordinance (Cap. 112) and the Stamp Duty Ordinance (Cap. 117) to Facilitate Development of an Islamic Bond (i.e. Sukuk) Market in Hong Kong”. It provided a detailed analysis of the Sukuk market and relevant tax related changes which would be needed to facilitate the use of Hong Kong based assets in a Sukuk issuance………………………………………..Full Article: Source