Hang Seng Bank, a unit of global lender HSBC Group, launched Thursday Hong Kongs first Islamic fund, in a move that provides Islamic investors with an opportunity to gain exposure to the Chinese and Hong Kong markets while meeting Islamic law knows as Sharia. "Islamic finance is one of the fastest growing sectors in the global financial industry," William Leung, Hang Sengs General Manager of Personal Financial Services and Wealth Management, said in a statement. "Global Islamic financial assets are currently worth about USD 1 trillion and this figure is expected to grow by 15 percent per year," said Leung. The new fund, called Hang Seng Islamic China Index Fund, is the only Islamic equity fund in the world that focuses on the mainland China and Hong Kong markets