HSBC launches Islamic securities services for fund managers

Mar 13, 2011

The UK bank is seeking a bigger share of the $60 billion market for sharia-compliant funds under management by globally standardising its securities services offering.

HSBC has launched a suite of securities services for Islamic fund managers in a bid to expand its 10% share of the $50 billion–$60 billion in sharia-compliant funds under management globally, a market that has seen minimal growth since the end of 2009.

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