IslamicFinance.de

HSBC Bank #Malaysia hopes to see a lot more Islamic financing instruments used in the development of the Southeast Asia railway network which connects China to the region. CEO Mukhtar Hussain said HSBC had a unique value proposition in this matter, being the first bank to issue sukuk in Malaysia. The railway network involves building more than 3,000 km of rail lines from China’s Yunnan province through Laos, Cambodia, Thailand, Malaysia, Singapore and Indonesia. It is one of China’s seven main transport routes under the Belt and Road Initiative (BRI). The project adopts a public-private partnership financing approach, one that puts the financing requirements efficiently to the private sector and therefore can relieve the pressure from the nations’ budget.

HSBC Amanah Malaysia has appointed Arsalaan Ahmed as its chief executive officer (CEO). HSBC Amanah announced that Arsalaan will be leading the Islamic banking businesses for retail, commercial and wholesale banking, and reporting to HSBC Bank CEO Mukhtar Hussain. Prior to joining HSBC Amanah, Arsalaan was appointed as the head of capital financing and financial institutions of Barwa Bank in Doha, Qatar, where he led the development of the Islamic debt capital market and wholesale banking platform. Arsalaan has 15 years of experience and has distinguished himself as an expert in syariah-compliant retail, corporate and investment banking.

GLOBAL CALLS FOR ECONOMIC JUSTICE: THE POTENTIAL OF ISLAMIC FINANCE

Date: Wednesday 22 February 2012

Time: 6.30-8pm

Venue: Hong Kong Theatre, Clement House, London School of Economics

Speakers: Mukhtar Hussain, Professor Volker Nienhaus

Chair: The Hon. Mr Justice Cranston

HSBC has the strong oppinion that asset management will be the next big thing for Islamic finance.
Mukhtar Hussain, chief executive officer of HSBC Bank Malaysia Berhad and global CEO of HSBC Amanah speaks of HSBC’s strengthening position in the global sukuk market as Islamic finance entrenches itself further into Asia’s mainstream financial markets.