Maybank (MAY) Kim Eng Holdings Ltd. and Clifford Chance LLP are training Hong Kong staff for the city’s first sukuk sales before lawmakers review a bill to give the debt equal tax treatment. Maybank, the world’s third-largest Islamic bond arranger in 2012, has been preparing its investment banking teams in Hong Kong and China to chase Shariah-compliant deals, Chief Executive Officer Tengku Zafrul Tengku Abdul Aziz said in a Jan. 4 interview.
Clifford Chance, the U.K.’s highest grossing law firm, has moved a sukuk specialist from Dubai to the city, Qudeer Latif, the company’s head of global Islamic finance, said before the bill is first debated by the Legislative Council tomorrow………………………………………..Full Article: Source