• Thu
  • Jul 31, 2014
  • Updated: 12:06am

Islamic Banking

Islamic finance finds a rapidly growing niche in the secular world

The past few years haven't been the best of times for the international banking sector. Aberrant behaviour by certain banks - and the contagion that followed - are the abiding memories of the financial crisis.

Monday, 29 October, 2012, 12:57am

HK to pave way for Islamic bonds

The government has finally proposed a long-awaited amendment to tax laws to encourage firms to issue Islamic bonds in Hong Kong.

30 Mar 2012 - 12:00am

God willing, sharia banking will earn merit

Awareness of Islamic banking and philanthropy has been rising in recent years.

21 Nov 2011 - 12:00am

No Islamic bonds despite 4-year push

Four years after trumpeting a dream to turn Hong Kong into an Islamic financial centre, Financial Secretary John Tsang Chun-wah concedes only modest progress has been made.

No company has issued any sukuk bonds, and only Hang Seng Bank has launched an Islamic fund.

29 Oct 2011 - 12:00am

National Bank of Pakistan's general manager in Hong Kong sees solid career prospects in Shariah finance

Mumtaz Rafi, general manager of the National Bank of Pakistan (NBP) in Hong Kong, offers a case study in successful Islamic banking.

27 Aug 2011 - 12:00am

Focus on China, Islamic banking

Diploma in Global Finance Chinese University

Professor Leslie Young, programme director of the Chinese University of Hong Kong's postgraduate diploma in global finance (PDGF), says the course's content follows current issues in finance and focuses on lessons from the 2008 financial crisis.

29 Jul 2011 - 12:00am

Financial planning a religious obligation

Islamic banking and wealth management are in their embryonic stages and have yet to come into the mainstream of international banking.

However, a report by Bank Sarasin urges bankers to be more focused on this sector which is expected to grow.

9 May 2011 - 12:00am

Banks should eye Middle East

Despite the unrest and uncertainty in the Middle East, the outlook for the Islamic finance sector looks promising. 'The future for Islamic finance is moving in one direction and that direction is growth,' says Dr Khoo Guan Seng, head of the innovative unit at the Singapore Stock Exchange and an internationally recognised Islamic finance expert.

12 Mar 2011 - 12:00am

The new challenge to Wall Street?

Since Donald Tsang Yam-kuen announced Hong Kong's ambitions to be an Islamic finance centre, in 2007, there have been great advances in Islamic finance. I was in Kuala Lumpur this week attending the Global Islamic Finance Forum, which was attended by the whole glitterati of the Islamic world.

30 Oct 2010 - 12:00am

Lucrative sector set to take off

It may be one of the fastest-growing sectors of the international banking industry and Hong Kong wants to be part of it. Yet the government's enthusiasm to establish Hong Kong as an Islamic banking hub is still at an early stage.

16 Jan 2010 - 12:00am

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