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Islamic Finance Briefing - Categorized | Banking, Market Moves more

HSBC’s Islamic arm eyes 125 new branches by 2012

Posted on 04 November 2010

From Dailystar.com.lb: HSBC Amanah, the Islamic arm of bank HSBC, plans to open 125 branches throughout the Middle East and Asia by the end of 2012 eyeing rapid growth in the $1 trillion Islamic finance industry, a top executive said.
Middle East and Asian markets will fuel growth in the industry with compounded annual growth rates of over 6 percent in the next five years, said Razi Fakih, HSBC Amanah’s deputy chief executive in an interview with Reuters Wednesday……………………………………….Full Article: Source

 
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