The new entity will be called HSBC Amanah Malaysia Bhd.
HSBC Bank Malaysia first started offering Islamic financial solutions in the country in 1994. With the establishment of the Islamic banking subsidiary in Malaysia, HSBC Amanah will now become a distinct local legal entity holding a universal banking licence.
In addition to a comprehensive suite of retail and corporate financial solutions and access to Islamic capital markets, HSBC Amanah will have Shariah compliant product offerings in wealth management and Takaful Islamic insurance through HSBC...
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