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HSBC expects more sukuks in 2010

HSBC's Amanah Islamic banking division expects double-digit revenue growth and more sukuk mandates in 2010 compared to last year, Razi Fakih, deputy chief executive of Amanah told Reuters. HSBC expects to have more than the 15 mandates it had in 2009 for sukuk, or Islamic bond issues, Fakih told the news service.

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