| From Zawya.com: The Hong Kong Special Administrative Region government is finalizing new tax laws which would facilitate the introduction of Islamic finance on a par with equivalent conventional products, and there is a strong possibility that the Hong Kong Airport Authority (HKAA) will issue the debut quasi-sovereign Sukuk from the island enclave during 2009.
Professor K.C. Chan, the secretary for financial services and the Treasury, Hong Kong government, confirmed that the Hong Kong Administration "is putting in place tax neutrality measures to facilitate the development of Islamic finance..... Full Article: Source
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