News

HSBC Amanah picks up 11 accolades at the Islamic Finance News Awards 2010

9 March 2010

HSBC Amanah has collected 11 awards at the Islamic Finance News Awards 2010, which recognise excellence and leadership in Islamic Finance.

Islamic Finance News, the industry's leading specialist publication, hosted a ceremony at the Emirates Towers in Dubai, last night, to congratulate the Middle East's winners in both its 2009 Poll and Deals of the Year awards. Razi Fakih, Deputy CEO, HSBC Amanah, attended the event on behalf of HSBC Amanah.

Islamic Finance News also hosted an event in Kuala Lumpur, Malaysia last week, where Mukhtar Hussain, HSBC Amanah's global CEO, who is based in the country, collected the awards relating to Asian deals.

Islamic Finance News named HSBC Amanah winner in the following categories: Best Islamic Private Bank; Wakalah Deal of the Year - IFC Hilal Sukuk al-Istithmar; Deal of the Year, Sovereign and Indonesia Deal of the Year - Republic of Indonesia Domestic Sukuk; Sovereign and Indonesia Deal of the Year - Republic of Indonesia Global Sukuk; Real Estate and UAE Deal of the Year - TDIC Sukuk Limited Trust Certificates; Yemen Deal of the Year - Sabafon ECA-backed Asset Murabahah Financing; Saudi Arabia Deal of the Year - Saudi Electricity Corporation Sukuk.

Razi Fakih, Deputy CEO of HSBC Amanah, said: "In 2009 HSBC Amanah reinforced its position as the premier cross-border provider of Shariah compliant financial services. We are delighted to receive these awards, which reiterate our leading global role in the increasingly competitive Islamic Finance market."

He added: "During the last 12 months HSBC Amanah launched the world's first international Islamic premium banking service and led activity in the Islamic debt capital markets, structuring and lead managing many of 2009's landmark transactions. We continue to build on these successes and look forward to another year of innovation and industry firsts."

For further information please contact:

Lucy Kelly

Corporate Communications Manager, HSBC Amanah

On 971 5660 39871 or e-mail: lucykelly@hsbc.com

About HSBC Amanah

HSBC Amanah is the global Islamic Financial services business of the HSBC Group. It was established in 1998 with the aim of making HSBC the leading provider of Islamic Financial services worldwide. With established and successful operations in the Middle East, Asia-Pacific and Europe, HSBC Amanah represents the largest and most comprehensive Islamic proposition of any international bank.

With the global resources of the HSBC Group at its disposal, and the largest Islamic Finance team of any international bank, HSBC Amanah is uniquely positioned to understand, structure, and distribute financial services that are compatible with the requirements of Shariah (Islamic Law).