Dhaka, Bangladesh (BBN)– HSBC Amanah, the Islamic banking window of the bank, will launch its Islamic banking services in full scale in Bangladesh, a top HSBC official said in Dhaka on Tuesday.
“The re-launch of HSBC Amanah in Bangladesh will come with a full range to satisfy personal and commercial needs”, Deputy Chief Executive Officer of HSBC Amanah Razi S. Fakih said.
With the re-launch, HSBC Amanah in Bangladesh will be the largest presence in South East Asia, the HSBC executive said.
Currently HSBC Amanah is operating in the United Kingdom, Malaysia, Middle East countries, Indonesia and other countries.
HSBC Amanah is operating globally from 1998. Its Bangladesh chapter is operating from 2004 with a limited range of products that include import finance service and current account only.
With the re-launch, HSBC Amanah in Bangladesh will be the largest presence in South East Asia, the deputy CEO said. Currently HSBC Amanah is operating in the UK, Malaysia, Middle East countries, Indonesia and other countries.
HSBC Amanah products are rigorously audited and approved by HSBC central Shariah committee. “We truly try to comply with Shariah, both in letter and in spirit. Our central Shariah committee is formed with renowned independent Islamic scholars”, Mr. Fakih noted.
BBN/SSR/AD-20Oct10-12:25 am (BST)
