HSBC Unveils Sharia Securities Unit

HSBC Securities Services and HSBC Amanah have rolled out a sharia-compliant securities service, HSBC Amanah Securities Services, Hedge Funds Review reports. The new service will be offered globally to Islamic investment managers and traditional investment managers managing Islamic funds.

It will provide sharia-compliant fund accounting and administration, global custody, transfer agency, banking and treasury services in 17 markets in the Middle East, Asia-Pacific, Europe and the Americas. Services will be offered in local timezones using the local language and currency.

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