HSBC Saudi Arabia said it has launched an open-end Shariah compliant fund that aims to provide investors with income stabilizing and potential growth over medium-to-long term by investing in local and international sukuks.
The new Ama
Global banking giant HSBC said its Saudi unit has launched a new open-ended Shariah compliant fund - HSBC Amanah Commodity Index Fund.
The objective of the fund over the long term is capital growth by investing in commodities in a Shariah
HSBC Saudi Arabia, the investment arm of the Saudi British Bank – SABB, has been named the best investment bank in Saudi Arabia by Euromoney magazine.
Walid Khoury, chief executive officer, HSBC Saudi Arabia received the award at the annua