Hong Kong's sukuk ambitions cause a stir

Central bankers in Malaysia and Hong Kong have been discussing ways to develop Islamic finance products and help grow the industry.

Hong Kong's sukuk ambitions cause a stir

The prospect of Hong Kong issuing sukuk has stirred the city's finance community.

Central bankers in Hong Kong held a joint conference with their Malaysian counterparts in mid-April to publicise the territory’s plans to issue an Islamic bond, known as a sukuk, later this year.

The event came a month after Hong Kong’s legislative council passed a bill that would allow the government to launch a $500 million to $1 billion transaction...

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