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Islamic Finance Briefing - Categorized | Banking, Market Moves more

HSBC plans to offer Islamic finance in India, China

Posted on 04 November 2010

From Bloomberg: HSBC Holdings Plc, the largest bank in Europe, plans to offer Shariah-compliant services in India and China to tap economic growth after the countries issue regulations to develop their Islamic financial markets.
HSBC Amanah also plans to expand in Egypt and Oman, said Razi Fakih, the deputy chief executive officer of the bank’s Islamic unit. The lender, which has operations in 10 nations including Malaysia and Saudi Arabia, is seeking to increase bank branches globally to about 125 over the next two years from 100 at the end of 2010, he said……………………………………….Full Article: Source

 
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