In what is a clear case of prostitution to attract Islamic petrodollars, Hong Kong is issuing another Sukuk… Hong Kong SAR has set final price guidance at US Treasuries plus 25bp area (plus or minus 2bp) for a US dollar five-year sukuk, according to a lead manager. The new price compares with initial guidance of […]
For centuries, Hong Kong has been a center of worldwide commerce. Unlike most other such financial centers, Hong Kong has been slow to embrace Shariah Finance. http://www.scmp.com/business/money/markets-investing/article/1535235/islamic-finance-still-pipe-dream-hong-kong
The Financial Jihad Comes to Hong Kong
Hong Kong seeks to attract a larger share of the Shariah-compliant finance market and is adjusting regulations to accommodate Shariah… http://www.scmp.com/business/money/markets-investing/article/1381481/hong-kongs-islamic-finance-goal-boosted-basel-iii
We suppose that when you live under an atheist, communist system, it makes no difference to you whether the food is halal or haram. Add in a dash of capitalism and presto! You get a foothold for Shariah-compliance in a city-state with virtually no Muslim population. Such is the nature of the petrodollar driven Islamic […]
Hong Kong moves to become “hub” for Shariah Finance
Hong Kong has long been a major international financial center. When Communist China took over Hong Kong at the close of the 1990s, many observers feared that Hong Kong would withdraw from the capitalist world. Fortunately, those fears have proven largely unfounded. But now, Hong Kong appears to be taking a major step backward in […]
It was bound to happen. Shariah-Compliant Finance is spreading to the four corners and it was inevitable that one of the world’s largest and fastest growing markets, China, would be included. The spread of Shariah-Compliant Finance has been made all the more inevitable by the fact that China is now the second largest importer of […]
The latest fallout from a combined Manhattan District Attorney and Treasury Department investigation has settled on a Red Chinese firm and several Iranian firms, with some useful idiots in the form of Western banks stuck in the middle. The last time this investigation erupted was when Bank Melli, the world’s largest Shariah-Compliant financial institution, was […]
May 11, 2008 · Hong Kong visits Dubai to promote Islamic Finance opportunities in China This sounds a little absurd but actually makes perfect sense. This morning a high-level delegation of Hong Kong financiers held a seminar for 200 guests in Dubai to promote the Chinese special economic zone as a gateway to Shariah-compliant […]
Hong Kong Treasury Market eyes Islamic Market
April 30, 2008 Finance Treasury Markets Association eyes Islamic marketMuslim Protestors in Hong Kong- http://news.gov.hk/en/category/businessandfinance/080430/html/080430en03008.htm The Treasury Markets Association will help treasury market practitioners tap the growing Islamic financial market and other regional business opportunities, Monetary Authority Deputy Chief Executive Eddie Yue says. Speaking at the association’s annual general meeting today Mr Yue said 2007 […]
Malaysia’s Khazanah sells Islamic exchangeable bond Thu Mar 6, 2008 1:58am EST KUALA LUMPUR, March 6 (Reuters) – Malaysian state investment arm Khazanah Nasional has sold $550 million of Islamic bonds that are exchangeable into shares of top Chinese department store Parkson Retail Group (3368.HK: Quote, Profile, Research), a source said on Thursday. The bonds […]
Dubai International Capital plans more Mideast deals By Mirna Sleiman March 3, 2008 DUBAI (Zawya Dow Jones) — Dubai International Capital, a Dubai-government controlled investment company that owns a stake in HSBC Holdings Plc, plans more Mideast deals in an effort to capitalize on the region’s booming economies, a top executive said. “DIC has close […]
DIC to invest $5 Billion in India, China and Japan
body { background: #FFF; } Print | Close this window Dubai Intl to invest $5 billion in India, China & Japan Tue Feb 19, 2008 5:03am EST Nathan Layne TOKYO (Reuters) – Dubai International Capital, an investment fund owned by the ruler of Dubai, said it planned to invest about $5 billion in China, […]
http://www.arabtime <http://www.arabtime sonline.com/ client/pagesdeta ils.asp?nid= 11900&ccid= 11> sonline.com/ WASHINGTON (Agencies): Russia, China and Opec oil-producing countries have a worrisome potential to use their growing financial clout to exert political pressure, the top US spy chief told Congress on Tuesday. US National Director of Intelligence Michael McConnell voiced the concern to Congress in his annual assessment […]
Hong Kong And Dubai To Strengthen Economic Ties by Mary Swire, Tax-News.com, Hong Kong 05 February 2008 Dr Omar Bin Sulaiman, Governor of the Dubai International Financial Centre (DIFC) on Friday welcomed Sir Donald Tsang, Chief Executive of the Hong Kong Special Administrative Region of China, along with a 24 member delegation from Hong Kong. […]
Source: Portfolio.com Chinese banks have cut their business relations with Iranian banks due to US pressure over Tehran’s disputed nuclear program, a senior Iranian Foreign Ministry official was quoted as saying. “Due to US pressure, China’s banking system has cut its cooperation with Iranian banks for four months so far”’ the E’temad daily quoted Deputy […]
Printable view Sat, Feb 02, 2008, 14:27 GMT Governor of the DIFC Hosts Chief Executive of the Hong Kong Special Administrative Region of China 01 February 2008 His Excellency Dr Omar Bin Sulaiman, Governor of the Dubai International Financial Centre (DIFC) today welcomed The Honourable Sir Donald Tsang, Chief Executive of the Hong Kong Special […]
Halt Islamic banking, group says ReportonBusiness.com – 12 hours ago Islamic banking in Canada: MCC asks CMHC to halt funding of study Canada NewsWire (press release) – 13 hours ago Full coverage » Muslim Canadian Congress asks CMHC to drop Islamic banking study 4 hours ago TORONTO – The Canada Mortgage and Housing Corp. is […]
HK to help ME oil investment in China HONG KONG: Hong Kong aims to become a world centre for Islamic finance, luring Middle Eastern investors keen to grab a slice of the booming Chinese economy, the city’s financial secretary said Tuesday. John Tsang said the southern Chinese city was ideally placed to help oil money […]
Tuesday, 15 January 2008 ->Hong Kong should be aware of the long term implications of getting involved in Sharia Finance. The Chinese historically have been wary of Islamic expansion into China, and have been very careful, up to now, to back off. However, with their growth and financial wealth, their need for oil will outgrow […]
Hong Kong to Ride on Mainland for its Islamic Finance Growth
Bernama.com Business January 15, 2008 17:24 PM Hong Kong To Ride On Mainland For Its Islamic Finance Growth By Tham Choy Lin HONG KONG, Jan 15 (Bernama) — Hong Kong’s access to mainland China will be key in its ambition to develop an Islamic financial hub, Financial Secretary John Tsang […]
Hong Kong’s Islamic New Year
The fast movement of Islamic Banking is shocking! It has taken hold across the world, and is no different than a Crusade. It is a crusade against the principals of democracy. This is a war. We cannot look away and think that this movement into the taking over and integration into the system of banking […]
Business Week-“Who’s Afraid of Mideast Money?”
This is one of the most important articles to read about the emerging power and takeover of the West by Middle East Money. We should all be afraid…very afraid. However the lust for greed and money will be the downfall of the democracy we live under unless we can change this course of selling our […]
Business Week-“Who’s Afraid of Mideast Money?”
<!– if (!window.OAS_sitepage) { var BW_site; // use for new ad site var BW_page = “/printerfriendly”; var OAS_listpos; // use to restrict the number of available page positions document.write(”); } //–> THIS IS ONE OF THE MOST IMPORTANT ARTICLES I HAVE POSTED. IT IS A MUST READ, AND ONE THAT NEEDS TO BE READ AND […]
Soverign Forays, Business Standard, New Delhi-The impact of the sub prime problem and the high price of oil
This article spells out the real problems of the selling of our corporations to foreign investors, especially the middle east and Dubai, who realize that oil is going to become secondary, and that taking a foothold into the buying of large portfolios is a way to gain footholds into our democracy and economy. The need […]
Beware! This could wreck American Financial Markets
It’s the new animal, and it’s the prowl in the global finance and capital markets. To all those who had repeatedly asserted that capital, especially global capital, does not have colour and hence one needs to encourage free flow of the same, the reversal in their stated position has been remarkably swift. What is indeed […]
China’s Wealth Fund Seeks to Stabilize Equity Markets Lou Jiwei, chairman of China Investment Corp., poses for a photo at the Great Hall of the People in Beijing on Feb. 15, 2006. By Belinda Cao and Li Yanping Nov. 29 (Bloomberg) — China Investment Corp., the nation’s $200 billion sovereign wealth fund, signaled it may […]
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