SABB honors its Sharia Committee members, clients and employees and holds an open forum on the international financial crisis

In addition to clients, the event was attended by a large number of senior executives of SABB and HSBC.

In his message to the gathering, Mr. Adel Marzok Al-Nasser, SABB DMD described SABB Amana Islamic Banking role as vital in building and expanding a large base of clients and that such products were highly received by customers from all categories.

He added that based on such demand the bank attaches high importance for the development of such services to maintain customers confidence and meet their requirements and aspirations. He also stressed that Islamic branches have priority in he Banks expansion plan and will continue to achieve in the Islamic Banking field and effectively contribute to support of Islamic Banking Industry.

Mr. Mukhtar Hussein, Global HSBC Amanah Executive Officer addressed the presents pledging continuous support to Amana trends, development and global expansion to achieve further advancement at all levels.

In his speech, His Honor Sheikh Abdullah Bin Mohammed Al-Mutlaq, member of SABB Sharia Control Committee highlighted the importance of complying by the Sharia controls in performing banking transactions.. He praised SABB efforts for provision of Islamic Banking Services stressing that SABB is on the right track towards the aspired stage in respect of Islamic Banking Services. His Honor emphasized the importance of abiding by the Islamic Sharia rules in all banking transactions.

The open forum was lead by His Honor Dr. Sheikh Mohammed Al-Qary, member of Sharia Committee of SABB. He spoke about the elements and pillars of Islamic Banking business as well as the reasons why Islamic banks were not affected by the global financial crisis. He also called upon banks to hold to and adopt the Islamic pattern in their banking deals and praised the achievements of SABB Amanah in the field of Islamic Banking.

The event was attended by a large number of customers who considered the appearance of Sharia Sheiks beside senior executives of the bank an opportunity to launch many questions and discuss matters relating to all aspects of Islamic banking.