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Islamic Finance Briefing - Categorized | Funds, Performance more

HSBC sees Islamic serviced funds AUM hitting $10 bln

Posted on 20 October 2011

HSBC Amanah, the Islamic arm of lender HSBC, expects a pipeline of 30 new Islamic funds to boost its assets under management for serviced funds to $10 billion, its global head of securities services said on Tuesday.
Germain Birgen said the bank currently services 90 Islamic funds worth roughly $5 billion in assets. The 30 new funds are expected to launch within the next 12 to 18 months, he said……………………………………….Full Article: Source

 
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