Monday, August 06, 2007

Hong Kong moving to open an Islamic bank

Recently, reports emerged about the desire of the government of Hong Kong to become involved in Islamic finance, the story from Bernama describes the Finance Secretary of Hong Kong's visit to Malaysia. Because Hong Kong does not have much experience in Islamic finance, they are seeking assistance from Malaysia, one of the global hubs of the Islamic finance industry, particularly in "Islamic legal and accounting systems".

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