Jul 07 2010 |
more articles from
|
HSBC Amanah opens branch in Qatar
DOHA: HSBC Amanah has opened its first branch dedicated to Shariah compliant products and services in Qatar. To mark the occasion, HSBC Group chief executive officer, Michael Geoghegan, and governor of the Qatar Central Bank, Sheikh Abdullah bin Saoud Al-Thani performed the opening ceremony on Tuesday at the branch based at Salwa Road in Doha.The branch, HSBC's first dedicated Islamic banking branch in the MENA region outside of Saudi Arabia, will serve retail and corporate customers. The range of services includes HSBC Amanah Premier, an international Islamic banking service, which is an expansion of HSBC's market-leading premium banking service HSBC Premier; HSBC Advance, an international current account and banking service proposition, as well as international trade finance and corporate banking services.
Speaking at the opening ceremony, Geoghegan said: "As the leading international bank in the Middle East, HSBC is strongly placed for the tremendous growth opportunities in providing Islamic banking services here in Qatar and across the region. By combining our Islamic banking expertise in Saudi Arabia and Malaysia with our international reach, we can meet the increasingly sophisticated requirements of Islamic banking customers in many parts of the world."
Growth in Islamic banking exceeds that of conventional banking in Qatar, and across the Middle East. After growing at double-digit compounded annual rates over the past few years, the industry is forecast to continue growing at about 20% annually until 2012, according to Oliver Wyman, a research firm.
Over the past 50 years, HSBC has reached a number of milestones in Qatar such as being the first bank to install an ATM in 1986, and lead managing Qatar's first Islamic sukuk for the government in 2004. HSBC is currently the biggest foreign bank in Qatar, offering retail, commercial, institutional and private banking services through a network of six branches, 22 ATMs and 550 employees.
© Arab News 2010
Zawya Comment Policy
-
Zawya encourages you to add a comment to this discussion. You agree that when you add content to this discussion your comments will not:
1.1 Contain any material which is libelous or defamatory of any person, is obscene, offensive, hateful or inflammatory or causes damage to the reputation of any person or organisation.
1.2 Promote sexually explicit material, violence, discrimination based on race, sex, religion, nationality, disability, sexual orientation or age or any illegal activity.
1.3 Be made in breach of any legal duty owed to a third party, such as a contractual duty or a duty of confidence.
1.4 Be threatening, abuse or invade another's privacy, or cause annoyance, inconvenience or needless anxiety.
1.5 Be used to impersonate any person, to misrepresent your identity or affiliation with any person, or be likely to deceive any person.
1.6 Give the impression that they represent Zawya.
1.7 Advocate, promote or assist any unlawful act such as (by way of example only) copyright infringement or computer misuse. - The content posted on www.zawya.com is created by members of the public. The views expressed are theirs and unless specifically stated are not those of Zawya. Zawya reserves the right to review all comments prior to posting and edit or delete any contribution, but Zawya is not responsible for and can not be held liable for any content posted by members of the public on www.zawya.com.
- Zawya is not responsible for the availability or content of any third party sites that are accessible through www.zawya.com. Any links to third party websites from www.zawya.com do not amount to any endorsement of that site by Zawya and any use of that site by you is at your own risk.
- By submitting your comment, you hereby give Zawya the right, but not the obligation, to post, air, edit, exhibit, telecast, webcast, re-use, publish, reproduce, use, license, print, distribute or otherwise use your comments worldwide, in perpetuity.
Copyright © 2012 Zawya Ltd. All rights reserved. |
provided by www.zawya.com |
Post Your Comment