Mon, Aug 8, 2022
A A A
Welcome bhaimia
RSS

Islamic Finance Briefing - Categorized | Emerging Trends, Finance more

Hong Kong Islamic finance push won’t challenge regional rivals

Posted on 06 March 2013

Hong Kong’s Legislative Council is considering a bill that will ease taxes on transfers of underlying assets of Islamic finance products, giving them equal treatment to conventional instruments;But Hong Kong lacks cultural connections and a large shariah-compliant investor base.
Investors might instead be looking to invest in China;The bill only covers assets located in Hong Kong. To include assets in China, China would need to amend its relevant laws for equal tax treatment of shariah-compliant products……………………………………….Full Article: Source

 
Article link

This post was written by:

Laxman - who has written 19160 posts on Opalesque Islamic Finance Briefing.


Contact the author

Comments are closed.

banner
banner
August 2022
M T W T F S S
« May    
1234567
891011121314
15161718192021
22232425262728
293031