08.10.2012 - HSBC to restructure Islamic finance business
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
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