Hong Kong and Dubai sign Islamic finance pact

Hong KongÆs Securities & Futures Commission has signed an Islamic finance pact with the Dubai Financial Services Authority (DFSA).The memorandum of understanding calls for mutual cooperation on capacity building and human capital development in Islamic finance, as well as the promotion and development of their respective Islamic capital market segments. Under the MOU, both parties will examine the possibility of establishing a framework for the mutual recognition of their regulat…