|
|
 |
|
At HSBC , our unique combination of local experience and global resources enable us to understand your needs and concerns and this is precisely why we have designed Amanah Import Finance, in full compliance with the Shariah principles, for you. This service provides you the peace of mind of doing your business in accordance with the Shariah. Add to that the international resources of HSBC and you have nothing to worry about, except which goods to import.
HSBC Amanah Import Finance is based on Murabaha, a type of mechanism that is fully compliant with the Shariah. In Murabaha, goods are sold at stated cost plus a profit, with the crucial element being the trade of an underlying Halal asset. The payment for the goods can be immediate or on deferred basis. Although Murabaha transactions have been used in Middle Eastern and Asian countries for many years, HSBC is proud to be the first global bank to introduce them on a truly international scale..
The process is as follows:
- You apply for a Murabaha facility from HSBC
- You identify Halal goods that you wish to import
- The Halal goods will be bought by HSBC and sold to you under the Murabaha facility. No interest is charged. Depending on the requests submitted by you, payment for the goods can be immediate or on deferred basis.
The Amanah Import Finance offers you:
- Shariah compliant services from a global financial institution. The HSBC Group has over 9,500 offices in 79 countries and territories all around the world. Therefore we have extensive experience in offering customers trade-related services which respect local beliefs and customs.
- An interest free financing mechanism, under which you can acquire the required Halal goods under the Murabaha principle.
- Competitive pricing to help you maintain your business edge.
- Efficiency in processing all your documents
- To cater to the needs of HSBC Amanah Finance, HSBC’s global Islamic finance division employs a team of professionals with experience in both Islamic finance and the conventional financial services industry. With professionals based in Dubai, New York, London, Riyadh, Jakarta and Kuala Lumpur, we use our local knowledge to identify solutions for customers who are looking for Shariah compliant financial services from a respected international organization.
- Through HSBC’s world famous Hexagon, an electronic banking platform, you can conduct full-fledged banking through a dialup intranet in a very secure manner. Hexagon provides you with a highly informative database on all transactions, complete cash management services, Batch payment services for large volume regular payment like salary, full range of trade services including letter of credit opening, information services, excellent report writer services which communicates and reconciles seamlessly with your other system (SAP Compliant) under unbroken track record of data security- and all from the comfort of your office.
- If you are in the exports as well as imports, our Electronic DC advising service will allow you to be informed in real time about arrival of export DCs through E mail or Fax.
- Our own courier will be able to pick up and deliver documents to and from your office on arrangement.
To ensure strict compliance with the Shariah, HSBC Amanah Import Finance has been designed with support and guidance from the HSBC Shariah Supervisory Committee to ensure strict compliance with the Shariah.
|
|
|
|
|
|
