Sunday, May 27, 2012

Hong Kong opening up to Islamic finance

Hong Kong opening up to Islamic finance

By Mushtak Parker

“We recognize that Islamic finance is one of the major growth areas in the financial services industry, and Hong Kong being an international financial center involved in financial intermediation activities, we feel that we need to provide a full suite of financial products to market participants round the world. And obviously if you don’t have Islamic finance you are missing a big market segment. Since the beginning of 2007, we have been talking to the market players about the opportunities, potential and the impediments in developing Islamic finance in Hong Kong. The market players came up with a very positive report, stressing that they see great potential in the Islamic finance sector.”

No comments:

Post a Comment