Finance and Banking

The Hong Kong and Shanghai Banking Corporation (HSBC) is one of the most popular International banks of the world. It has become especially popular in certain Muslim countries, like Bangladesh, because of its Amanah Banking. HSBC Amanah is especially popular in the Middle-East, Europe and North America. HSBC came up with this scheme in the year 1998. There are about 300 people working on this scheme and their sole purpose is to satisfy the customers’ needs.   HSBC Amanah encloses all the usual services of a commercial bank. It also has Deposits and Investment Products, Account Services, Corporate Finance Service, Trade Service, Guarantee Solutions and Cash Management Services, as well as Corporate Internet Banking. HSBC has started Amanah Import Finance, Short-Term Financing, Documentary and other such schemes in Bangladesh. Amanah Import Finance The main features of this service are:

Competitive pricing keeping in pace with the market

Very simple and easy to understand documentation and speedy turn-around time

Murahaba transaction, where a client will be acting as the agent to buy the goods and negotiate the price.

Documentary Credit The key features of this scheme are:

Based upon the Islamic Shariah

Financial Strength

Global Networking

Flawless

Professional Support

Retailer Support

Short-Term Financial The main features of this product are:

Helping the consumer to buy all sorts of products,

Competitive price keeping in pace with the market,

One-month to one-year tenure,

Simple and easy to understand documentation,

Various payment schemes.

  Bangladesh, being a Muslim majority country, has welcomed the HSBC Amanah system as it has opened up a new banking opportunity in the country. The general mass appreciates this initiative taken by such a well-reputed bank like HSBC.