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HSBC to shutter Islamic banking unit in Qatar by year-end

Posted on 26 May 2011

HSBC Holdings will close its Islamic banking unit HSBC Amanah in Qatar by the end of the year, Europe’s biggest bank confirmed Tuesday.
Staff working at HSBC Amanah will be “absorbed” into the conventional business with no job cuts predicted, the bank said in an emailed statement……………………………………….Full Article: Source

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