As a result of a strategic review of its Islamic finance business, the HSBC Group recently has announced that it will focus its Islamic finance offering on customers in Malaysia and Saudi Arabia, and maintain a limited presence in Indonesia.
HSBC will continue to offer wholesale Islamic financing/Sukuk products to its global client base through its operations in Malaysia and Saudi Arabia. Following the restructuring, HSBC will retain 83 per cent of the Group’s Islamic business revenues………………………………………..Full Article: Source