DIFC, Hong Kong See Islamic Funds Cooperation Benefits

Stephen Harris

7 April 2008

A joint regulatory initiative to improve access to Islamic financial products in Hong Kong and the Dubai International Financial Centre has been announced by The Dubai Financial Services Authority and the Hong Kong Securities and Futures Commission. The move involves a commitment from both jurisdictions to enhance mutual co-operation and to better enable distribution of Islamic funds in the DIFC and Hong Kong. The Hong Kong SFC has also agreed to play a part in the DFSA’s graduate training programme by offering short-term placements to UAE nationals employed by the DFSA.