Malaysia, Hong Kong pledge to develop Islamic finance

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Bank Negara Malaysia and the Hong Kong Monetary Authority (HKMA) have agreed to cooperate in the development of Islamic finance.

"With a view to further developing the Islamic financial industry in Hong Kong, the HKMA will continue to strengthen links and explore areas of co-operation with other Islamic financial centres," a spokesperson for the HKMA said.

The two countries will cooperate in capacity building and training, setting up the necessary framework and sharing expertise that will allow

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