The challenge of Islamic finance in Hong Kong

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"How enforcement of Sharia?" I touched on the challenges that Hong Kong government faces in trying to implement the changes required to set aside the playing field between financial products and alternatives presented by shreds of Islamic finance. As experience in the United Kingdom is a valuable example of absolute potential and growth of this niche offering financial services.

The British government made the establishment commendable fiscal and regulatory framework for Islamic finance in the UK with a primary focus in 2003. Since then, the UK government has accomplished the following:

Universal Banking - Banking For The Best retort did Indonesia

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1.1 INTRODUCTION

In ordinary years, universal banking has grown in popularity in Indonesia. Bank Mandiri, for example, has taken the strategy to become a universal bank in Indonesia, the bank has also started to build an integrated financial system risk in terms of sound financial performance and enhance shareholder value. In Germany, and the most developed countries in Europe, universal banks have started operations since the nineteenth century. There is evidence that in these countries, universal banks have taken a significant portion of the loyal sector development and financial systems. In these countries, the growing number of universal banking practice is really supported by the central bank regulations.