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    /24-7PressRelease/ - HONG KONG, March 20, 2008 - The Arab Chamber of Commerce & Industry's HK Islamic Index (HKI-Index) is made up of a basket of selected Hong Kong listed companies which have received preliminary qualification as being Shariah Compliant by the Chamber's Shariah Advisory Council.

The Hong Kong Stock Exchange (HKEx) is the Stock Exchange of Hong Kong( (SEHK). The exchange has predominantly been the main Exchange for Hong Kong where shares of listed companies are traded. More commonly known as the Hang Seng Index, it is Asia's second largest stock exchange.

HKEx Chief Operating Officer Mr. Gerald Greiner also adds in his letter to the Chamber "We too look forward to working with you on developing Islamic Finance in Hong Kong"

HKEx is the holding company of The Stock Exchange of Hong Kong Limited, Hong Kong Futures Exchange Limited and Hong Kong Securities Clearing Company Limited. It brings together the market organizations which have transformed Hong Kong's financial services industry from a domestically focused market to become a central market place in Asia attracting investment funds from all over the world.

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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