Just as pro-democracy demonstrators take to the streets of Hong Kong, the communist masters who hold sway over that city have embraced a different form of totalitarianism: Shariah, through the financial trap door. Hong Kong is expected to see more Shariah bond (sukuk) issuances in the near future, following the launch of its first such bond this […]
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 […]
Typical Propaganda on Islamic Bonds from Saudi State-Controlled Media
The article linked below has to be taken with a large grain of salt since it comes from the Saudi Gazette. There is nothing even resembling a free, independent press in Saudi Arabia and the Saudi royals have a huge vested interest in promoting Shariah-Compliant Finance both in the kingdom and globally. Not surprisingly, this […]
Hong Kong’s secretary for financial services & treasury, KC Chan, declared yesterday that Islamic bonds are safe and fit in with Hong Kong’s financial plans for the long-term. Apparently Mr. Chan is unaware of the high default rate on Sukuk… http://www.news.gov.hk/en/category/businessandfinance/091209/txt/091209en03002.htm?
Malaysia and Hong Kong in Landmark Pact to Develop Islamic Capital Market
Malaysia is hell bent for leather to establish itself as the epicenter of Shariah Compliant Finance. It is, of course, no coincidence that Malaysia is also in the process of attacking free speech and imposing other aspects of Shariah on its populace… http://news.yahoo.com/s/prweb/20091124/bs_prweb/prweb3253974?
World’s Worst Polluters to Invest in Clean Energy Fund
The energy-producing nations of the Islamic world are generally regarded as among the world’s worst polluters. Therefore, it is quite ironic that a Hong Kong-based clean energy fund is set to attract investments by introducing a Shariah-Compliant component… We guess even the Green movement can be bought… http://uk.reuters.com/article/idUKTRE5AM23320091123?rpc=401&feedType=RSS&feedName=GCA-GreenBusinessUK&rpc=401
The Fall of Hong Kong, 2009
Hong Kong will sign a memorandum of understanding with Malaysia at the end of the month to pave the way for Islamic financial business, said Secretary for Financial Services and the Treasury Ceajer Chan Ka-keung. http://www.thestandard.com.hk/news_detail.asp?we_cat=2&art_id=89604&sid=25808987&con_type=1&d_str=20091023&fc=8
Hong Leong Bank launches Islamic banking Reuters HONG KONG — Malaysian lender Hong Leong Bank has become the first bank to be allowed to offer comprehensive Islamic banking services in Hong Kong. The bank aims to tap the markets of mainland China and West and North Asia through this platform leveraging on Hong […]
How will this effect the Middle East and our goal to stop funding them, and terror? http://tinyurl.com/6dp2tv The Hong Kong Mercantile Exchange wants to serve energy-thirsty China by launching an oil futures contract that caters to the mainland by Frederik Balfour In a move aimed at strengthening Hong Kong as the financial capital […]
Does sharia finance have prayer in HK? City eyes Mideast investors flush with money South China Morning Posthttp://www.e-architect.co.uk/hong%20kong/jpgs/hong_kong_98.jpg HONG KONG, July 20 — The government may be setting aside some bubbly to celebrate the proposed Airport Authority Islamic bond, scheduled for the third quarter, but there are mixed views about whether Hong Kong can […]
Islamic bond to get tax waiver <!– The government will waive certain taxes for Hong Kong’s first Islamic bond – probably issued by the Airport Authority – before any changes in the tax regime, said Secretary for Financial Services and the Treasury Ceajer Chan Ka-keung. //–>Katherine Ng Tuesday, July 15, 2008 ADVERTISEMENT The […]
12-06-2008: Zaid Ibrahim & Co 1st Asian legal firm to start operations in Dubai by Sharon Tan KUALA LUMPUR: Zaid Ibrahim & Co created history by being the first Asian legal firm to export services to the Middle East, after receiving approval from the Dubai Financial Services Authority to provide legal services to […]
Dubai and Hong Kong sign Islamic finance pact Published: Tuesday, 27 May, 2008, 06:38 AM Doha Time DUBAI: The Hong Kong Monetary Authority (HKMA) and the Dubai International Financial Centre Authority (DIFC) announced yesterday that they signed an agreement to strengthen co-operation in the development of Islamic finance. Both bodies have signed a memorandum […]
Dubai – The Hong Kong Monetary Authority (HKMA) and the Dubai International Financial Centre Authority (DIFC) announced Monday that they signed an agreement to strengthen cooperation in the development of Islamic finance. Both bodies signed a memorandum of understanding on Tuesday to work together in developing financial product and investment, which are compliant with […]
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 […]
HK urged not to copy UK shariah products By Andrew Wood Sunday May 4 2008 14:00 Hong Kong should follow the example of Malaysia rather than the UK in the way it approves Islamic investments to help it achieve its ambition of becoming a major financial centre for shariah products, PwC, the consultancy, said. Hong […]
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 […]
A Victim of Shariah Law! Hong Kong and Dubai sign Islamic finance pact http://www.asianinvestor.net/article.aspx?CIaNID=73222 By Rita Raagas De Ramos | 7 April 2008 The MOU sets the stage for the cross-border marketing and distribution of Islamic funds. Hong Kong’s Securities & Futures Commission has signed an Islamic finance pact with the Dubai Financial Services […]
UK, Indonesia, HK to launch sovereign sukuk by December Publish Date: Thursday,28 February, 2008, at 01:24 AM Doha Time DUBAI: The United Kingdom, Indonesia and Hong Kong governments are each set to launch their debut sovereign Islamic bonds, or sukuk, by December this year, helping build benchmarks for a market that could be worth as […]
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 […]
List of Major Banks dealing with Shariah Finance-tools for research
Here is a list of banks that are expanding the Islamic Shariah industry worldwide. Also, a link to the major periodicals that discuss Shariah Finance. In order to combat this rising influence on our banking industry, you must learn and understand what it is. This type of banking is a screen to infiltrate into a […]
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 […]
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