HSBC completes $100mn first Islamic trade facility in MENAT with QIB ...Qatar

HSBC Bank Middle East completed its first Islamic trade facility in Middle East, North Africa and Turkey (MENAT) valued at $100mn in January with Qatar Islamic Bank, Qatar’s largest Islamic institution. The Financial Institutions Refinance trade facility is a new addition to HSBC Bank Middle East’s Islamic product suite. “This is a first-of-its-kind transaction for HSBC Bank Middle East within the MENAT region and we are very proud that Qatar was the first country where it was executed,” said Abdul Hakeem Mostafawi, CEO, HSBC Qatar. “We are very optimistic about the different growth opportunities in Qatar that is driven by the expansion in gas production, final preparations for the

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Last updated : 13 February 2021 clock 07:45 PM

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HSBC completes $100mn first Islamic trade facility in MENAT with QIB ...Qatar

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