Feb 22 2011
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HSBC Amanah is Euromoney's Best International Islamic Bank for second year
HSBC Amanah has again been named Best International Islamic Bank by Euromoney magazine, in its Islamic Finance Awards 2011. The awards are widely considered to be the most high profile accolades in the Islamic finance industry and annually recognise outstanding performance, quality, service, and innovation in the sector.
Besides Best International Islamic Bank, HSBC Amanah has also won the Best Sukuk House award for the second consecutive year, in recognition of its leading role in Islamic debt capital markets.
continued to grow its operations in the core markets of Saudi Arabia, UAE, and Malaysia, while expanding in key growth territories of Indonesia, Bangladesh, Bahrain and the UK. The business also continued to lead in several global, landmark transactions, including:
* Largest Sukuk deal of the year: Saudi Electricity Company 's SAR 7 billion Sukuk
* Largest US dollar sovereign Sukuk: US$1.25 billion Government of Malaysia Sukuk
* World's largest Shariah-compliant REIT and first Shariah-compliant listing in Singapore: US$664.4 million Sabana REIT
* First project finance Sukuk by a foreign borrower in the Malaysian Ringgit capital markets: Trans Thai-Malaysia (Thailand) Limited MYR 600 million Sukuk
Mukhtar Hussain, Global CEO of HSBC Amanah , said: " HSBC Amanah is delighted to be at the forefront of a global industry which increases in scale, sophistication and penetration each year. Shariah-compliant financial services continue to grow in line with customer demands and HSBC Amanah is proud to be recognised as the premier, cross-border financial institution by Euromoney.
will continue to invest in our franchises both in the Middle East and Asia. The potential for the industry remains considerable but further efforts will need to be made to institutionalise and operationalise best practices. Notwithstanding the challenges, this remains an exciting era of opportunities."
About HSBC Amanah
HSBC Amanah is the global Islamic financial services business of the HSBC Group. It was established in 1998 with the aim of making HSBC the leading provider of Islamic financial services worldwide. With established and successful operations in the Middle East, Asia-Pacific and Europe, HSBC Amanah offers the largest and most comprehensive Islamic proposition of any international bank.
For further information, please contact:
Rosana Gulzar Mohd
HSBC Amanah corporate communications
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