HKMA's Lau on how to benefit from Islamic finance

Asian economies must cooperate more to reap the rewards of Islamic finance, Edmond Lau, the executive director responsible for monetary management at the Hong Kong Monetary Authority, said.

"For the purpose of promoting the stability, integrity, diversity and efficiency of financial intermediation across jurisdictions in Asia, it is crucial that Asian markets work more closely together to seize the opportunities brought by Islamic finance," Lau said. "As a result, Asia will be in a better

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