Islamic Funds in Hong Kong

Hong Kong's Securities and Futures Commission (SFC) and the Securities Commission Malaysia (SC) held a joint seminar to promote the potential of Hong Kong as an Islamic fund platform on 17 June 2014. The seminar coincided with the launch of the first actively managed SFC-authorised Islamic balanced fund in Hong Kong under the Mutual Recognition Agreement between the SFC and SC of 9 November 2009. The fund, RHB-OSK Islamic Regional Balanced Fund, is a Malaysian unit trust. Deacons acted on the first Islamic fund to be authorised in Hong Kong, the Hang Seng Islamic China Index Fund, which was launched in 2007.