money

HSBC Amanah Global Chief Executive Officer Mukhtar Hussain said that over the last 12 months, the bank had cemented its status as the premier cross-border provider of Shariah-compliant financial services.

"With the global reach of the HSBC Group as 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 said in a statement on Wednesday.

The Euromoney awards are 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 2009, HSBC Amanah grew its operations in Saudi Arabia, United Arab Emirates and Malaysia while expanding in the key growth territories of Indonesia, Qatar and Bahrain. - Bernama