10.01.2013 - Hong Kong taking Sukuk lessons, staffing up, before new law
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
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