More Islamic products from HSBC in pipeline

THE STARONLINE: HSBC Bank Malaysia Bhd plans to roll out more Islamic banking offerings based on the good response to its recently launched Islamic credit cards and mortgage product.

Executive director and deputy chief executive officer Jonathan Addis said the number of Islamic credit cards had grown to about 50,000.

“Our new Islamic mortgage has also received good response since it was launched a couple of weeks ago,” he said after a briefing on the bank’s regional outlook yesterday.

The group’s Islamic banking subsidiary HSBC Amanah that was set up last February posted a pre-tax profit and zakat of RM32.4mil for the first half-year ended June 30.cONTINUE READING