HSBC Ceases Selling Retail Shariah-Compliant U.K., UAE Loans
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HSBC Holdings Plc said it would stop selling Shariah-compliant products in the U.K., the UAE, Bahrain, Bangladesh, Singapore and Mauritius.
The bank will continue offering wholesale Islamic financing in those countries, and the change is part of the company’s review into its businesses, it said in an e-mailed statement today.