Gulf Islamic banks ready to step in as HSBC pulls back

Just as HSBC Holdings announced it would shrink its Islamic banking operations in a number of countries, the National Bank of Abu Dhabi made plans to increase the contribution of its Shariah-compliant operations three times over the next eight years. Thus, it becomes clear that HSBC's move is nothing but a sign of its own priorities. While it is set to continue its operations mainly in Malaysia and Saudi Arabia with a limited presence in Indonesia, local banks have the opportunity to step in for it.

Read more on: http://uk.reuters.com/article/2012/10/18/islamic-finance-retreat-idUKL6E...

Das könnte Dich auch interessieren …