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HSBC incorporates Malaysian Islamic bank

28 February 2008

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In its efforts to provide comprehensive Islamic financial services to the Malaysian market, HSBC Bank Malaysia Berhad has incorporated its Islamic banking subsidiary, HSBC Amanah Malaysia Berhad.

The new entity, a full-fledged Islamic bank, is now formally incorporated. This follows HSBC Bank Malaysia becoming the first locally incorporated foreign bank to be awarded a licence in November 2007 by Bank Negara...

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