Shariah supervision

HSBC Amanah considers Shariah compliance of its business operations as its most important & strategic priority. This is reflected in its Corporate Values, "In developing our products and services, we are committed to the highest Shariah standards in the Islamic banking industry." In addition to Global Shariah Advisory Board and Regional Shariah Committees, HSBC Amanah employs a team of qualified professionals to ensure that the guidance and advice received from the Shariah Committees is implemented in letter and spirit.

HSBC Amanah Global Shariah Advisory Board

The Global Shariah Advisory Board (GSAB) advises HSBC Amanah on research activities intended for further development of the Islamic finance industry. GSAB comprises of representative scholars from all Regional Shariah Committees (RSC) of HSBC Amanah in addition to other Shariah scholars of international standing. The presence of renowned scholars from various geographies at GSAB will provide an opportunity to achieve further harmonization of Shariah standards and practices of Islamic Finance Industry. The following independent Shariah scholars are currently members of GSAB.

• Sheikh Justice (Retd.) Muhammad Taqi Usmani (Pakistan)
• Sheikh Hussain Hamid Hassan (Egypt)
• Dr. Muhammad Achmad Sahal Mahfudh (Indonesia)
• Dr. Mohammed Daud Bakar (Malaysia)
• Sheikh Dr. Mohamed Ali Elgari (Saudi Arabia)
• Sheikh Nizam Yaquby (Bahrain)
• Dr. Mohammad Akram Laldin (Malaysia)

HSBC Amanah Shariah Committees

HSBC Amanah operations are closely supervised by four Regional Shariah Committees (RSCs) in addition to a Central Shariah Committee (CSC). The CSC supervises HSBC Amanah businesses as well as operations in UAE, Qatar, UK, USA and Bangladesh. The CSC comprises of following well-known scholars:

• Sheikh Nizam Yaquby
• Sheikh Dr. Mohamed Ali Elgari
• Sheikh Dr. Muhammad Imran Ashraf Usmani

HSBC Amanah operations in Saudi Arabia, Malaysia, Indonesia and Singapore are supervised by following independent RSCs.

Regional Shariah Committee – Saudi Arabia

• Sheikh Abdullah Bin Sulaiman Al Manea
• Sheikh Dr. Abdullah Al Mutlaq
• Sheikh Dr. Mohamed Ali Elgari

Regional Shariah Committee – Malaysia

• Dr. Mohammad Akram Laldin
• Dr. Rusni Hassan
• Khairul Anuar Bin Ahmad

Regional Shariah Committee - Indonesia

• Dr. Muhammad Achmad Sahal Mahfudh
• Professor Dr. M. Din Syamsuddin
• Ustaz Adiwarman Azwar Karim

Regional Shariah Committee - Singapore

• Dr. Mohammed Daud Bakar
• Mr. Ridzwan Bin Haji Dzafir
• Ustaz Haron Bin Hassan
• Ustaz Muhammad Haniff Bin Hassan