KUALA LUMPUR (May 30): HSBC Amanah Malaysia Bhd (HSBC Amanah) was awarded the Best International Islamic Bank at the Euromoney Islamic Finance Awards.

In a statement on Monday (May 29), the bank said the award by Euromoney recognised the strength of HSBC Amanah in several categories including cross-border transactions, supply-side financing and capital markets.

In addition to its financing strength, HSBC Amanah was also recognised by Euromoney for its strong suite of shariah-compliant hedging instruments, including foreign-exchange options and forwards, profit-rate swaps and cross-currency swaps, as well as its Islamic FX overlay platform that enables fund managers to automate hedging programmes.

HSBC Amanah chief executive officer Raja Amir Shah Raja Azwa said the award is a recognition that affirms the bank’s commitment and perseverance to being at the forefront of innovation.

“Additionally, we are proud to have pioneered, structured and lead-managed numerous award-winning, landmark sukuk and financing transactions on behalf of our clients, offering an unrivalled suite of shariah- compliant financing solutions that helps them open up a world of opportunity.

“This extends to our Wealth and Personal Banking clients and our ability to enable their specific goals through HSBC Amanah’s Islamic wealth management suite, empowered by digital technologies,” said Raja Amir Shah.