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    /24-7PressRelease/ - (HONG KONG) - August 14, 2008 - In response to Chief Executive Donald Tsang's much publicized announcement last October and January Middle East Visit to make Hong Kong an internationally recognizable "Islamic Financial Centre," and as part of a series of initiatives undertaken by The Arab Chamber of Commerce & Industry (ARABCCI), pursuant to its establishment of Hong Kong's first "Shariah Advisory Council" and its recent "HK Islamic Index," the ARABCCI has petitioned the Hong Kong SAR Government to adopt Islamic Law (Shariah) within the context of the territory's judicial system.

The adoption of Islamic Law is deemed an absolute necessity by the ARABCCI; such a move would be a fundamental first step and a crucial gesture of sincerity by the SAR's authorities to the Islamic World - notwithstanding being an indispensable measure to accommodate, administer and effectively govern Islamic financial and banking matters locally.

About ArabCham

The Arab Chamber of Commerce & Industry (ARABCCI) was established in Hong Kong 2006 as a leading organization at promoting commercial ties between Hong Kong/Greater China and the Arab World.

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• arab, arabcci, arabcham, banking, chamber, edwin, finance, government, hitti, hong, islamic, kong, law

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