NOTE-TO-EDITOR
7th November 2013
Hong Kong is one of the most vibrant and open financial marketplaces which has shown great progress in facilitating Islamic finance structures in recent times. In June, the HKMA hosted a seminar on strategies for the development of Islamic capital markets in Hong Kong to promote discussions, understanding and experience-sharing in the area of Islamic capital markets in collaboration with Islamic Financial Services Board (IFSB).
And in July, the Hong Kong Monetary Authority (HKMA) announced amendments to its Inland Revenue Ordinance and Stamp Duty Ordinance to provide a comparable taxation framework for common types of Sukuk. Before the amendments, issuance of Sukuk was subject to a substantial tax disincentive because of multiple transfers to assets.
Hong Kong shares good working relations with Malaysia, and in August reaffirmed its commitment in advancing the Islamic finance proposition in Hong Kong though a bilateral meeting of the Chief Executive of the HKMA and the Governor of Bank Negara Malaysia(BNM) in Kuala Lumpur. With Sukuk guidelines expected to be published by HKMA soon, the market is all set to embrace Islamic finance.
DATE: 7th November 2013
TIME: 8:00 am - 2:00 pm
VENUE: Wanchai Conference Centre
Speakers at this exclusive event also include:
| • | Howard Lee - Executive Director, Monetary Management, Hong Kong Monetary Authority |
| • | Amirali Nasir - Partner, Nasirs |
| • | Ariff Sultan - Regional Director (Asia), IdealRatings |
| • | Florence Yip - Partner & Asia Pacific Tax Leader, Investment Management Practice, PwC |
| • | Mian Mohammed Nazir - Senior Vice President & Head of Legal, Dar Al Sharia |
| • | Stephane Karolczuk - Head of Hong Kong Representative Office, Arendt & Merdenach |
| • | Dr Walid Ghannouchi - Head of Islamic Finance, Sia Partners, Hong Kong |
Covering a wide spectrum of topics pertinent to issuers and investors, the IFN Asia Forum 2013 will run on the 21st October (Issuers Day) and the 22nd October (Investors Day) where delegates can interact via regular question and answer opportunities as well as networking sessions throughout the day.
To receive your media pass, register online today!
For more information, please contact Rachael Lim:
+603 2162 7800 ext. 43 or email [email protected]
You can also visit www.redmoneyevents.com/2013/2013_roadshow_hongkong.asp
We look forward to welcoming you to IFN Hong Kong Roadshow 2013!
About REDmoney Group & Islamic Finance news Forum
REDmoney Group is the holding company behind Islamic Finance news, Islamic Finance training and Islamic Finance events all leading products in their own right.
For the past nine years Islamic Finance news has been reaching out and educating new markets globally. For eight years REDmoney has been organizing key Islamic finance events with the focus heavily on education and development and for the past six years the IFN Forum has been visiting key developing Islamic financial markets and providing all interested parties with the perfect stage to assist development.
Heading into its 6th year, the Islamic Finance news Roadshow continues to roam the globe educating and updating the developing Islamic financial markets. In 2013, the IFN Roadshow will visit 12 key markets. These markets are those which our clients have suggested we need to focus and also which we believe will witness exponential growth in the coming years.
After Hong Kong, the IFN Roadshow will travel to Brunei (28th November) and Thailand (12th December). A full list of the upcoming 2013 IFN Roadshows are available on our website.
Click here for the latest contact information.