HSBC Securities Services can be found in key locations around the world.

HSBC announces major global launch

We are pleased to announce that HSBC Securities Services (HSS) and HSBC Amanah have joined forces to launch a new service for the world's Islamic investment managers. The new offering, HSBC Amanah Securities Services, will initially be offered in 17 markets across the Middle East, Asia-Pacific, Europe and the Americas, giving us superior coverage.

Why are we launching this service?

The professional Islamic investor segment continues to grapple with the dilemma of appointing bespoke niche providers on the one hand, and adopting conventional service providers on the other. In the absence of diverse qualified providers in this space, Islamic investment managers are left with no choice other than to engage with conventional service providers.

To meet the requirements of this emerging class of investors, and as part of our strong commitment to the region and the principles of Islamic banking, HSBC Amanah Securities Services offers an end-to-end Shariah-compliant securities services proposition.

 

What is HSBC Amanah Securities Services?

In order to provide a service that is truly relevant for Shariah compliant funds, we have made significant enhancements to our fund accounting and administration, global custody, transfer agency, banking and treasury services. HSBC Amanah Securities Services also offers leading Shariah advisory services, assistance in Islamic fund structuring, income purification, and Zakat calculation. The entire suite of products and services can be customised to a client's specific needs.

Our commitment to providing a securities services proposition that is Shariah compliant to the highest possible standards means that we work closely with the HSBC Amanah Central Shariah Committee. This committee consists of three independent scholars, Sheikh Nizam Yaquby, Sheikh Dr Mohamed Ali Elgari and Sheikh Dr Muhammad Imran Ashraf Usmani, who advise us on all Shariah related matters. In addition, we employ a team of qualified professionals to ensure that the guidance and advice received from these highly respected scholars is implemented in letter and in spirit. We are currently the only provider to have gained a Shariah pronouncement approving our services as Shariah compliant

Our global presence means our clients receive the advice and assistance they need in their own time zone, currency and language, as well as full access to the comprehensive liquidity, risk management and Shariah compliant investment opportunities offered by HSBC Amanah.

 

Who is HSBC Amanah Securities Services for?

HSBC Amanah Securities Services extends the global award winning products and services offered by HSS to:

  • Islamic Mutual Funds
  • Private Equity Funds
  • Takaful Companies
  • Family Offices
  • Discretionary Portfolio Managers
  • Sovereign Wealth Funds (SWFs)
  • State Reserve Entities
  • Pension Funds
  • Insurance
 

Award winning services

HSBC was named Islamic Custodian of the Year by The Asset at the Triple A Islamic Finance Awards 2010, which recognises and honours leading players in the Islamic finance market. This award reflects our commitment to providing the highest levels of service to Islamic corporations and financial institutions. HSBC Amanah won 'Best International Islamic Bank' at Euromoney's Islamic Finance Awards for the second consecutive year.

 
 

More information

To find out more about HSBC Amanah Securities Services, please visit our website at www.hsbcnet.com/hss/amanah or contact your local HSS or HSBC Amanah representative