Islamic financing has developed from a niche business into a thriving global franchise. More dealers are coming in in the hope of tapping a market that participants estimate to be worth $300 billion globally and growing by 15% a year. But while many banks have strengthened their teams in this area, only a handful demonstrate true innovation in products and techniques. The most impressive for Asia Risk this year was HSBC, which wins the inaugural Islamic products house of the year award.
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