| 20.10.2011 - HSBC sees Islamic serviced funds AUM hitting $10 bln |
| 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 |