|HLB seeks to grow Islamic finance business|
|Business & Market 2009|
|Written by Financial Daily|
|Tuesday, 03 November 2009 11:14|
In a statement yesterday, HLB said Hijah would play the key role of building and galvanising the group’s Islamic financial services franchise as a regional one as well as to create value out of cross-border transactions via Islamic instruments for the group and its customers. It said the focus areas would be on Islamic asset management, Islamic investment banking and wholesale banking, Islamic treasury, Islamic wealth management and takaful.
HLB said the group was seeking to set up an Islamic branch in Singapore, complementing the domestic and International Business Currency Unit (ICBU) businesses in Malaysia and the Islamic window out of the Hong Kong branch. It said Hijah would work on executing the strategic direction for the group’s new global business thrust.
This article appeared in The Edge Financial Daily, November 3, 2009.