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SME BANKING
To connect the small and medium sized enterprises (SMEs) with
their buyers and suppliers
locally and globally, HSBC Bangladesh has launched two trade
products tailored to therequirements of the SMEs. These are: Trade
Line and Trade Up. You can consult our
relationship managers on the features and functionalities of
these products.
Trade Line
This is a small scale import finance facility with simple
documentation and collateralrequirements. This trade product has
been designed keeping in mind the typical business
dynamics of the SMEs in Bangladesh
Some of the benefits of availing this product are
LC/Import Loan/Duty Loan up to 1 crore Taka
Easy scheme for payment of import/duty loans through
instalments
No mortgage requirements
Intrinsic value of HSBC brand
Trade Up
Trade Up has been designed to provide export oriented SMEs with
pre and post shipment
financing facilities. The underlying objective of this product
is to structure trade finance facilities
in line with customers' trade cycle. The product is suitable for
the back ward linkage industries ofcountry's ready made garments
sector. One of the key features of the product presents the
customers with the opportunity to avail HSBC's international
credit card against Exporters'
Retention Quota.
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For pre shipment financing Trade Up provides the following
benefits:
DC facility of BDT 5 million to BDT 15 million for financing the
import of raw materials
Import loan of BDT 5 million to BDT 15 million for financing the
imported goods
For post shipment financing Trade Up will provide you with:
Bill Discounting Facility of maximum BDT 20 million
International credit card against Exporters Retention Quota.
Islami Banking:
slamic banking refers to a system of banking or banking activity
that is consistent with the principles of theShari'ah (Islamic
rulings) and its practical application through the development of
Islamic economics.
What is HSBC Amanah?
HSBC Amanah is the global Islamic banking division of the HSBC
Group, responsible for thedevelopment of Islamic banking products
for distribution to customers of the HSBC Group. It
was established in 1998 and has regional offices in the UK,
Saudi Arabia, the UAE, Malaysia,
Indonesia, Bangladesh and Brunei.
HSBC Amanah Bangladesh offers investment opportunities through
Mudarabah TermInvestment(Islamic deposit); and vehicle, personal,
and home financing solutions. HSBC
Amanah offers you an ideal opportunity to enjoy Shari?a
compliant products while benefiting
from the global expertise and world class service standards of
HSBC.
How can a conventional bank, which is primarily interest-based,
offer Islamic banking
services?
Islamic law does not require that the seller of a product be
Muslim, or that its other services also
be Islamic. This is the considered opinion of our Shariah
Supervisory Committee.
Conventional banks charge and pay interest, and HSBC is a
conventional bank. But HSBC isalso a customer-driven institution,
and the reason it provides Islamic products is to serve a
genuine financial need among Muslims. Of course, our Islamic
products are available for
Muslims and non-Muslims alike.
