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Friday, December 14, 2007

HSBC

From the website:

Headquartered in London, HSBC is one of the largest banking and financial services
organisations in the world. HSBC's international network comprises over 10,000 offices in 83 countries and territories in Europe, the Asia-Pacific region, the Americas, the Middle East and Africa.



There is an interesting Post from Islamic Finance that sugggests that HSBC in Dubai does not require a residency permit to open an account there.

It also says that there is an offshore connection in Guernsey a Channel Island Brittish protectorate off the coast of Normandy in France - Not a memeber of the European Union or a subject of the UK, though HSBC apopears to have a branch there

It offers Islamic Bank accounts



While there may be no overt policy that supports terrorism, their structure may accomodate financial transactions that support terrorism, and they are not the only bank.

Transactions through these accounts, and the accomodation of their customers, Zacat requests is something that bears watching
  • Activities of their Sharia comitte should be public
  • Organizations that receive Zacat funds should be released to the public
-Shimron



According to the HSBC Website:





Posted by Editor at 12/14/2007 08:26:00 AM
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