Hong Kong rolls out 10yr sukuk to set benchmark

Hong Kong dove into the Islamic finance market this week, setting a new benchmark by becoming the first triple-A rated government to sell a 10 year sukuk. Bankers say that the hope is for corporates to follow suit, but there is a slew of challenges for the market to take off, writes Morgan Davis.

  • By Morgan Davis
  • 23 Feb 2017
The Hong Kong government has strove to establish itself as an Islamic finance hub since breaking into the market in 2014, issuing two five year sukuk so far. And the ...

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