HSBC Amanah and Islamic asset management
We all witnessed the phenomenal rate of growth experienced in the Islamic asset management industry but the landscape has changed significantly as the global economic crisis has taken hold.
Despite this setback, the fundamentals of the Islamic fund industry remain strong. With increasing assets under management and a large, expanding and untapped Muslim population, there are likely to be considerable opportunities in the future.
Assets under management in the Islamic fund industry have increased over the past few years, reaching USD45 billion* in 2009 from USD20 billion* in 2003. There has been a rapid increase in the number of Islamic funds as well as broader choices available for investors, from 210* funds in 2003 to 700* in 2009.
Headquartered in Dubai, with regional representatives in New York, Riyadh, Dubai, Jakarta and Kuala Lumpur, HSBC Amanah is uniquely positioned to understand, structure and deliver financial solutions that are compatible with the requirements of Shariah. HSBC Amanah is responsible for the development of Islamic investment products. With experienced investment professionals working from regional offices, its mission is to ensure that HSBC is one of the leading providers of value-added Shariah-compliant financial products and services to its clients.
*Source: The Banker, November 2009
Why choose HSBC Amanah Funds?
- Award winning innovation
For the second year, HSBC Amanah was named Best Fund Manager in Euromoney's Islamic Finance Awards 2009, reflecting HSBC Amanah's leadership in Islamic finance and its innovation in this sector - Industry leader
HSBC is the first UK fund manager to offer a pension fund that meets the requirements of Shariah - Independently endorsed
HSBC Amanah works closely with an independent Shariah Supervisory Committee of scholars to ensure that products and transactions comply with Shariah - Credibility and global resources
HSBC Amanah, the dedicated Islamic services division of the HSBC Group, has the global resources of the group at its disposal and the largest Islamic finance team of any international bank, enabling it to be uniquely positioned to understand, structure and distribute Shariah-compliant products
