Sabb Securities and HSBC Amanah have launched Shariah compliant securities services available globally to both Islamic investment and traditional investment managers of Islamic funds.

Sabb Amanah Securities Services offers Shariah compliant fund accounting and administration, global custody, transfer agency, banking and treasury services in 17 markets across the Middle East, Asia-Pacific, Europe and the Americas, a statement said.

With teams on the ground in each market, clients receive the advice and assistance they need in their own time zone, language, and currency, it added.

Karsten Stroyberg, CEO Sabb Securities, said: “The team of Shariah scholars has ensured that Sabb Amanah Securities Services is certified by, and strictly aligned to, Shariah principles.”

“The launch of Sabb Amanah Securities Services demonstrates our continuing commitment to offering best in class products and services that are designed to meet the needs of our customers.”

“Customers stand to benefit from our end-to-end Shariah compliant securities services proposition, including access to HSBC Amanah’s liquidity, risk management and Shariah compliant investment solutions,” he added. – TradeArabia News Service