Hong Kong works to keep Islamic finance momentum as firms balk

(Reuters) - Hong Kong's government is trying to maintain the territory's momentum toward becoming an Islamic finance centre, as other potential sukuk issuers show little enthusiasm.

In September, Hong Kong made the first U.S. dollar-denominated sukuk issue by an AAA-rated government, a $1 billion (£636.3 million) deal that put it on the map in the global competition among banking centres to attract Islamic finance business.