Islamic securities services

Fund administration

Make sound decisions on critical aspects of your investments with the help of the fund accounting and administration services we provide. You will receive timely reports that are aligned with Shariah principles and a compliance monitoring service that includes post-trade monitoring of Shariah investment restrictions, sector screening, financial ratio screening, monitoring against Islamic indices and other client-specific requirements.

Transfer agency services

Draw on our extensive and flexible global solutions encompassing registrar, sub-registrar and distributor processing for the administration of your fund structures. With our global network, you can be assured that we have the resources and infrastructure to provide a rapid deployment wherever or whenever you need our transfer agency services support.

Global custody

Ensure that your conventional assets are not combined with Islamic assets through segregated accounts provided by our global custody service. You can take advantage of this service in all locations, including areas where it is permissible to hold assets in an omnibus account. You can also instruct for settlement to be arranged on an actual basis and for a detailed Shariah-compliant reporting package to be provided.

Banking and treasury

Draw on our banking, cash management and treasury products to ensure that riba (interest) is avoided and cash balances are appropriately deployed in Shariah-compliant assets. Gain access to our other treasury and liquidity management products, from FX to Shariah-compliant hedging products.

Fund solutions

Our fund solutions team provides expert guidance and advice on areas such as domiciliation and re-domiciliation, structuring and restructuring, service delivery locations, complex operating models, tax and regulatory implications, market innovation and the broader range of the HSBC Group's financial services. You will receive the assistance you need with the help of a business development or relationship manager who will be your main point of contact throughout the process and beyond.

Dr Mohamed Ali Elgari

Dr Mohamed Ali Elgari holds a PhD in Economics from the University of California. He is a professor of Islamic Economics at King Abdul Aziz University. Dr Elgari is an expert at the Islamic Jurisprudence Academies of the Organisation of Islamic Countries and the Islamic World League. He is a member of the Shariah boards of many Islamic banks and Takaful companies, including that of Dow Jones, International Islamic Fund Market, Citi Islamic Investment Bank, Merrill Lynch and Saudi American Bank.

Sheikh Nizam Yaquby

Sheikh Nizam Yaquby is a graduate in Economics and Comparative Religion from McGill University and is an internationally acclaimed scholar in the Islamic banking industry. He has been a teacher of Tafsir since 1976. He advises a number of banks and financial institutions, including Abu Dhabi Islamic Bank, BNP Paribas, Dow Jones, Lloyds TSB, Citi Islamic Investment Bank, EC Bahrain and Standard Chartered, on matters pertaining to Islamic banking and finance.

Dr Muhammad Imran Ashraf Usmani

Dr Muhammad Imran Ashraf Usmani has completed his Aalmiyah from Jamia Darul Uloom, Karachi and holds a PhD in Islamic Finance from the University of Karachi. He is a member of the Central Shariah Board of the Central Bank of Pakistan. Dr Usmani is an established academician, and teaches Fiqh at Jamia Darul Uloom, Karachi. He has been engaged by various financial institutions, including Meezan Bank, Pakistan and Guidance Financial Group USA, for advice on Islamic law and Islamic finance.