| 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
|