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Trading

List of Islamic Banks in Hong Kong

Published by Gbaf News

Posted on April 3, 2013

1 min read

· Last updated: June 11, 2018

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1 Hong Leong Bank
2 International Islamic Bank for Investment and Development (IIBID)
3 National Bank of Pakistan (NBP)
4 Standard Chartered Islamic banking
5 The Islamic Bank of Asia Limited
6 DBS Bank
7 CIMB Islamic Bank
8 Bank Mandiri
9 BNI group
10 Bank Islam

Key Takeaways

  • Hong Leong Bank launched the first Islamic Banking window in Hong Kong recognized by both Malaysia’s central bank and the HKMA.
  • CIMB Islamic and Hong Leong established Islamic banking windows in Hong Kong in 2008, expanding Shariah‑compliant services.
  • Standard Chartered provides Islamic (Saadiq) banking through its Hong Kong subsidiary with global Shariah‑compliant offerings.
  • Hong Kong is positioning itself as a growing Islamic finance hub in North Asia, with rising interest in sukuk issuance.

References

Frequently Asked Questions

What makes Hong Leong Bank notable in Islamic banking in Hong Kong?
It was the first bank in Hong Kong recognised by both the Central Bank of Malaysia and the Hong Kong Monetary Authority to launch Islamic banking services.
When did CIMB Islamic begin offering Islamic services in Hong Kong?
CIMB Islamic launched a Shariah‑compliant interbank product in Hong Kong in 2008, marking its entry into the market.
Does Standard Chartered offer Islamic banking in Hong Kong?
Yes, through its Saadiq Islamic banking network, Standard Chartered provides Shariah‑compliant retail and corporate products in Hong Kong.
Is Hong Kong developing as a hub for Islamic finance?
Yes, Hong Kong is positioning itself as an Islamic finance centre in North Asia, with increasing inquiries about sukuk issuance.

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