HSBC Amanah Named Best International Islamic Bank By Euromoney

February 2010

HSBC Amanah has been named Best International Islamic Bank by Euromoney magazine, in its Islamic Finance Awards 2010.

The Euromoney awards are widely considered to be the most high profile accolades in the Islamic Finance calendar and annually recognise outstanding performance, quality, service, and innovation in the sector.

In addition to being awarded the title of Best International Islamic Bank, Euromoney also named HSBC Amanah Best Sukuk House for the leading role it continues to play in Islamic debt capital markets.

During 2009 HSBC Amanah grew its operations in Saudi Arabia, through SABB, UAE, and Malaysia, while expanding in the key growth territories of Indonesia, Qatar and Bahrain. The business launched HSBC Amanah Premier, the world’s first international Islamic premium banking service and led activity in the Islamic debt capital markets, structuring and lead managing many of 2009’s landmark transactions.

Mukhtar Hussain, Global CEO of HSBC Amanah, said: “Over the last 12 months HSBC Amanah has firmly cemented its status as the premier cross-border provider of Shariah compliant financial services. With the global reach of the HSBC Group at its disposal there is no other bank that can match HSBC Amanah’s cross-border capabilities in either the Shariah compliant retail or wholesale sectors. We are delighted to receive this award from Euromoney in recognition of that fact.”

He added: “I would like to thank our customers, regulators, governments and the industry scholars who continue to drive the Islamic finance industry forward, towards a place where it can offer shariah-compliant products that are as competitive and comprehensive as conventional propositions, wherever in the world they are. This remains an exciting time in the industry and HSBC Amanah looks forward to playing its role."