23-06-2025
- Business
- New Straits Times
HSBC Amanah launches Shariah-compliant digital trade platform
KUALA LUMPUR: HSBC Amanah has introduced HSBC TradePay-i, a Shariah-compliant digital trade finance solution designed to give businesses access to trade facilities and enable seamless payment to suppliers, offering greater flexibility.
In a statement, HSBC Amanah said businesses that depend on short-term financing for working capital payments often face a lengthy and complex process, including document preparation and drawdown applications.
The new digital trade finance solution streamlines this by allowing businesses to upload a payment file and make direct payments to suppliers.
HSBC Amanah chief executive officer Raja Amir Shah said that amid global tariff and trade uncertainties affecting costs and supply chain risks, businesses are increasingly seeking flexible financial solutions to adapt.
"HSBC's TradePay-i offers the liquidity necessary to overcome this challenge while optimising trade flows effectively.
"This tool aligns with the growing demand in Malaysia for ethical, transparent and interest-free financing solutions within a supportive policy environment that encourages the adoption of innovative Islamic finance solutions," he said.
Raja Amir said this underscores the bank's dedication to providing Islamic financing solutions that align with changing trade dynamics and cater to the evolving needs of its clients.
"With digitisation reshaping the trade landscape, HSBC TradePay-i stands out as more than just a product; it's a catalyst for growth, speed and strategic advantage.
"Businesses can harness TradePay-i to trade with agility, finance with certainty and scale with confidence, even in volatile conditions," HSBC Malaysia head of global trade solutions Shreyas Krishna said.
