HSBC to boost Shariah-compliant commercial banking with new senior appointment

Nabeel joins from HSBC Sharjah where he established a proven track record of very strong results and was instrumental in marking the difference of the HSBC corporate banking services in Sharjah.

Keith Bradley, Regional Head of Commercial Banking, HSBC Middle East Limited said: "HSBC remains firmly committed to the development of the Amanah brand and to Islamic Finance. We expect to grow Amanah business much faster than conventional business over the coming years. Amanah Commercial Banking will continue to develop and deliver a comprehensive Shariah compliant Islamic Banking proposition'

"We firmly believe in forging a long-term partnership with customers and are committed to capitalizing on the global resources of the HSBC Group and HSBC Amanah to continue to deliver innovative financial solutions." Keith added

Asif Mumtaz, Regional Head of HSBC Amanah said: "Commercial customers can now experience the global coverage and convenience of banking with HSBC without compromising the principles of the Shariah. All products offered by HSBC Amanah comply with the highest standards of Islamic finance and are being approved by world-renowned Shariah scholars."

"Nabeel comes to us with a wealth of experience and is now responsible for one of the key growth areas for Amanah in the region. Our comprehensive range of Shariah-compliant product offering combined with our technical expertise and service capabilities places us in a position of strength in meeting the growing Islamic financing needs of our commercial customers," he added.

Amanah Commercial Banking product suite covers a wide range of asset, liability and transaction banking services, including business accounts, transaction banking, working capital, trade finance, construction finance and liquidity management. The unit also leverages off HSBC Amanah's expertise in the areas of asset finance and advisory, treasury and risk management and Takaful.