HSBC wins Islamic Finance Awards from Euromoney

The awards were announced at a dinner held in London on 22 February, as part of the 4th Annual Islamic Finance Summit.

Last year, HSBC was recognised as "Best International Provider of Islamic Financial Services" and "Best International Sukuk House."

In its citation for the Best Islamic Wholesale Bank award, Euromoney said: "In 2004 HSBC Amanah arranged, participated in or syndicated transactions with a notional value of $4.1 billion in countries across the Middle East, the Indian subcontinent, Malaysia and Turkey. It established a new presence in three countries, Bangladesh, Indonesia and Pakistan. Several of these transactions were highly innovative."

"It is a great privilege to receive these awards," said Iqbal Khan, Chief Executive Officer, HSBC Amanah. "The increasing availability of Islamic products and transactions is a testament to the successful collaboration of investors, issuers, lawyers and Shariah scholars. We are committed to supporting the growth of regional economies and banking sectors by playing a leading role in this industry."

HSBC Amanah offers a full menu of Shariah compliant services to HSBC's personal, corporate and institutional clients covering Personal Financial Services, Takaful, Wealth Management solutions, Trade Finance, Project Finance, Structured Finance, Liquidity Management and Corporate Finance Advisory. To ensure that its products and services comply with Islamic guidelines, HSBC Amanah works closely with an independent Shariah Supervisory Committee, comprising eminent scholars in the field of Islamic finance.