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HSBC Expands Islamic Product Range in Malaysia

Stephen Harris

20 June 2007

HSBC Bank Malaysia has become the first bank in the country to offer a range of Islamic financial planning solutions under the HSBC Amanah Wealth Management scheme. The products include Takaful (Islamic insurance), Islamic structured investment, Islamic unit trusts, Islamic will writing and Islamic trust services, said managing director Mohamed Ross Mohd Din in a statement. HSBC is aiming to make Malaysia the regional hub for HSBC Amanah within the context of the government's aspiration to establish the country as a global Islamic financial hub.