The tax amendment by Hong Kong will definitely allow a more facilitative platform for Islamic finance to thrive there, and therefore increase its competitiveness in the global financial market, according to CIMB Islamic Bank Bhd chief executive officer Badlisyah Abdul Ghani.
Badlisyah, who spoke on Bloomberg Television’s “On the Move” yesterday, said the only competitive disadvantage that Hong Kong currently had as compared to financial markets in other part of the world is the lack of Islamic finance offerings of value proposition………………………………………..Full Article: Source