Kuwait Times
28th Jan 2008
"Hang Seng Bank launched Hong Kong's first Islamic fund in late October 2007, which invests mostly in stocks offered by the Dow Jones Islamic Market China/Hong Kong Titans Index, which itself only opened in early October of 2007. "It has been quite successful," he said. The Dow's Islamic (new Islamic) index, tracks Sharia-compliant companies whose major base of operations are in mainland China and Hong Kong but trade in Hong Kong. Hong Kong's foray into the Islamic financial market will enable Hong Kong to compete with Singapore and Malaysia for Muslim investments. "
Click Here To Read Full Article
