HSBC Bank Malaysia launched Shariah-compliant Amanah Islamic Dual Currency Structured Investment yesterday, as it promised to make Malaysia its regional hub for Islamic finance. The product comprises a commodity murabaha to create the guarantee and a promise to exchange specified currencies at a later date. This feature makes the product suitable for investors needing overseas currency, perhaps for school fees, and as a currency management tool, said the bank. Group manager Zarir Cama explained
