Doha: HSBC Amanah Qatar launched HSBC Amanah Premier - the world's first Islamic banking service aimed at internationally mobile, affluent consumers
HSBC Amanah Premier, a cross-border Islamic banking and wealth management service, is an expansion of HSBC's market-leading premium banking proposition HSBC Premier, offering customers access to HSBC Premier benefits with Shariah compliant products.
HSBC Amanah Premier is available in Qatar, UAE, Saudi Arabia (through SABB Amanah as SABB Amanah Premier), Bahrain, Malaysia and Indonesia, Brunei, Bangladesh, UK, and New York
HSBC Amanah Premier customers and their families in these countries will receive international recognition and emergency support across 40 markets where HSBC operates, taking their credit history and banking relationships with them. They will have access to Premier banking and wealth management products, complying with the strictest standards of Shariah compliance, in their home market.
Customers of the service can also view and manage all of their international accounts on one 'Global View' through HSBC internet banking, and make free fund transfers between their own accounts.
HSBC's conventional Premier proposition has already attracted over 3.1 million customers worldwide. The launch of HSBC Amanah Premier is a direct response to the growing number of affluent consumers who have a preference for Shariah-compliant banking - currently estimated to be three million people globally.
HSBC Amanah Premier enables a customer from Qatar who is visiting Malaysia for example to be recognized as an Amanah Premier customer and given priority assistance.
This includes a connection to the customers' home country Relationship Manager or phone banking service and world wide emergency assistance for customers and their families, including emergency cash, next day credit card replacement and expert local advice. Mohammed Mubarak Al Sabahi, Head of HSBC Amanah Qatar, said "HSBC Amanah Premier Proposition is the result of HSBC's commitment to utilise its global expertise and network in providing a world-renowned Shariah-Compliant Financial Services to the local market.
HSBC Amanah Premier has proven success in meeting the demand of internationally mobile customers who have a preference for Islamic Banking."
© The Peninsula 2010
