HSBC Amanah Malaysia Berhad is a full-fledged Islamic bank wholly owned by HSBC Bank Malaysia Berhad. HSBC Bank Malaysia Berhad is a member of the HSBC Group, which is headquartered in London, U.K. HSBC in Malaysia has a network of 42 HSBC branches, 26 HSBC Amanah branches and HSBC Amanah offsite ATMs in 25 locations.

HSBC has been offering Islamic financial services in Malaysia since 1994. HSBC introduced Islamic banking globally in 1998. In 2004, the HSBC Amanah brand was launched globally with the aim of making HSBC the leading provider of Islamic banking

HSBC's presence in Malaysia dates back to 1884 when the Hongkong and Shanghai Banking Corporation Limited established its first office in the country, on the island of Penang, with permission to issue currency notes. In 1959 it bought the Mercantile Bank, which started operations in Malaysia in 1860.

HSBC opened its office in Malacca in 1909 and by the end of 1912, offices had opened in Ipoh, Kuala Lumpur, Johor Bahru and Kota Bharu.

During the 1920s and 1930s, the bank opened more branches in several states - Sungai Petani branch in 1922, Kuantan in 1929, Muar in 1930, and Kuala Terengganu in 1936.

In Sabah, the first branch opened in Kota Kinabalu in 1947. Branches were set up in Sandakan and Tawau a year later, followed by Labuan in 1957. In Sarawak, branches opened in Kuching in 1958 and 1964 and in Sibu in 1959. In 2006, HSBC was the first foreign bank to be awarded a licence to operate a Takaful (Islamic insurance) business in Malaysia. HSBC Amanah Takaful (Malaysia) Sdn Bhd - a joint venture between HSBC Insurance (Asia-Pacific) Holdings Limited (49 per cent shareholding), Jerneh Asia Berhad (31 per cent shareholding) and Employees Provident Fund Board of Malaysia (20 per cent shareholding) - commenced operations in August 2006.

In March 2019, HSBC exited the Takaful manufacturing business to focus on its banking and wealth operations in Malaysia.

In 2007, HSBC Bank Malaysia was the first locally incorporated foreign bank to be awarded an Islamic banking subsidiary licence in Malaysia, and HSBC Amanah Malaysia Berhad, an Islamic bank wholly owned by HSBC Bank Malaysia, commenced operations in August 2008. HSBC in Malaysia has a network of more than 50 branches.

services worldwide.

In November 2007, HSBC Bank Malaysia Berhad was the first locally incorporated foreign bank in Malaysia to be awarded a licence by Bank Negara Malaysia to set up an Islamic banking subsidiary. HSBC Amanah Malaysia Berhad was incorporated in February 2008 and commenced operations in August 2008.

HSBC Amanah has the largest and most comprehensive Islamic proposition of any international bank in Malaysia. HSBC Amanah offers International Currency Business Unit (“ICBU”) and cross-border financing to Malaysian and international Corporates and Islamic FIs. Our Shariah-compliant solutions for corporates and FIs include financing, trade and receivables financing, liquidity and cash management, debt capital markets, treasury and risk management solutions.

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