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HSBC cuts back global Islamic business, but focus on M'sia and Saudi to continue

Published: 05/10/2012 01:25:02 AM GMT
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Having been one of the pioneers in developing Islamic finance among big global banks, HSBC last year became the first Western bank to issue an Islamic bond when its Middle East unit sold a $500 million sukuk. Yet it has decided it wasn't big enough i (more)

Having been one of the pioneers in developing Islamic finance among big global banks, HSBC last year became the first Western bank to issue an Islamic bond when its Middle East unit sold a $500 million sukuk. Yet it has decided it wasn't big enough in ...

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