Sharia forex products take off
DUBAI & LONDON - The market for sharia-compliant foreign exchange products is off to a strong start this year, with a series of new product releases from major dealers targeting the growing investor base.
HSBC became the latest to expand its portfolio of sharia-compliant FX investments with the launch of structured deposits last Wednesday (April 22). Danny Goldblum, global head of FX structuring at HSBC in London, said the product is aimed at clients that prefer to use Islamic instruments to
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