Hong Kong Monetary Authority : Sukuk allows access to large pool of liquidity in the Middle East

Peter Pang, Deputy Chief Executive of the Hong Kong Monetary Authority, highlighted how Sukuk can be a viable fund-raising tool and an attractive investment instrument in his speech at the BIS conference on Islamic finance before Ramadan.

Pang encouraged the audience that issuing Sukuk will help gain access to the large pool of liquidity in the Middle East where investors are progressively looking for Shariah-compliant assets. He underlined efforts to promote market awareness of Islamic finance in Hong Kong.