Shariah supervision
Meeting Islamic legal guidelines
HSBC Amanah considers Shariah compliance of its business operations as its most important and 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 Abdullah Bin Suleiman Al-Manea
Sheikh Dr Abdullah Bin Mohammed Al-Mutlaq
Dr Muhammad Imran Ashraf Usmani
Dr Muhammad Achmad Sahal Mahfudh
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, Bahrain, Bangladesh, Mauritius, US and UK. The CSC comprises of following well-known scholars:
Central Shariah Committee
Sheikh Nizam Yaquby (GSAB)
Sheikh Dr Mohamed Ali Elgari (GSAB)
Sheikh Dr Muhammad Imran Ashraf Usmani (GSAB)
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 (GSAB)
Sheikh Dr Abdullah Al-Mutlaq (GSAB)
Sheikh Dr Mohamed Ali Elgari (GSAB)
Regional Shariah Committee - Malaysia
Regional Shariah Committee - Indonesia
Dr Muhammad Achmad Sahal Mahfudh (GSAB)
Professor Dr M. Din Syamsuddin
Regional Shariah Committee - Singapore
Dr Mohammad Akram Laldin (GSAB)
- Where can you find us?
- HSBC Amanah has a presence in several countries.
- Shariah supervision
Independent Shariah scholars ensure that our services meet Islamic legal guidelines.
About HSBC Amanah
HSBC Amanah is the global Islamic financial services division of the HSBC Group. Established in 1998, with more than 300 professionals serving the Middle East, Asia-Pacific, Europe and the Americas, HSBC Amanah represents the largest Islamic financial services team of any international bank.
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Careers at HSBC Amanah
As one of the newest business areas in HSBC Group, HSBC Amanah presents a unique work environment.
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Glossary and FAQ
View definitions of the most commonly used terms in Islamic banking in our glossary.
View the most frequently asked questions about HSBC Amanah and about Islamic banking in our FAQ section.
Contact us
For questions about products please contact your local HSBC Amanah office.
For general information or queries that cannot be directed to a specific regional office, please e-mail us at hsbcamanah@hsbc.com.
