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Home » Bank Negara Malaysia » HSBC Amanah Malaysia | |||||||||||||||||||
HSBC Amanah |
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HSBC has been offering Islamic financial services in Malaysia since 1994. HSBC introduced Islamic banking globally in 1998. In 2004, the HSBC Amanah brand was launched globally with the aim of making HSBC the leading provider of Islamic banking services worldwide. |
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In November 2007, HSBC Bank Malaysia was the first locally incorporated foreign bank in Malaysia to be awarded a license by Bank Negara Malaysia to set up an Islamic banking subsidiary. HSBC Amanah Malaysia complements HSBC Bank Malaysia's comprehensive banking and financing solutions, available to all its customers, by providing a full suite of innovative Islamic products and services to retail and corporate customers. |
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| The establishment of HSBC Amanah Malaysia represents an important milestone for the HSBC Group as it is the first Islamic bank to be established by HSBC. HSBC Amanah considers Shariah compliance of its business operations as its most important and strategic priority. | ||||||||||||||||||||
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The Global Shariah Advisory
Board (GSAB) advises HSBC Amanah on research activities intended for further
development of the Islamic finance industry. GSAB comprises of
representative scholars from all Regional Shariah Committees (RSC) of HSBC
Amanah in addition to other Shariah scholars of international standing. The
presence of renowned scholars from various geographies at GSAB will provide
an opportunity to achieve further harmonization of Shariah standards and
practices of Islamic Finance Industry. |
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