25.02.2013 - Hong Kong: One step forward in developing Islamic finance
In order to consolidate Hong Kong's position as an international financial centre and tap the fast growing market of Islamic finance, the HKSAR Government indicated in the 2009/10 Hong Kong Budget that it would work on improving Hong Kong's regime to facilitate the development of Islamic finance in Hong Kong. In March 2012, the HKSAR Government launched a two-month public consultation on the proposed legislative amendments to facilitate the development of the Islamic bonds (i.e. sukuk) market in Hong Kong...............................................Full Article: Source
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