ISLAMIC FINANCE FOCUS: How Singapore is speeding up the spread of Islamic finance
The city-state has set its sights on developing a programme of sovereign-rated Islamic bonds. If successful it will become the first non-Islamic state to issue compliant sukuk and it could convince the world's conventional markets to participate in Islamic finance in earnest. Hong Kong will also have a key role to play in bringing liquidity to this market. Chris Wright reports.
The rivalry between Hong Kong and Singapore is evident in many areas. But in May, officials from the two cities lined up for battle in an unlikely location: Amman in Jordan.
Both sides were there for the same reason: to impress attendees at a conference on the future of
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