HSBC launches sharia dual-currency product


HSBC has launched a sharia-compliant structured product in Malaysia. The Amanah Islamic Dual Currency Structured Investment comprises two components - namely the commodity murabaha-i and the unilateral promise to exchange currencies - and offers investors the opportunity of earning enhanced returns on short-term surplus funds.

The commodity murabaha-i, based on the concept of deferred payment sale, allows the investment of a sum of funds through the purchase and sale of an underlying commodity

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