INDONESIA - FINANCE - HSBC to Pioneer Islamic Forex Products in Indonesia

www.bloomberg.com -HSBC Amanah will offer Islamic
foreign exchange forwards and cross-currency hedging instruments
in Indonesia starting next month to help Shariah-compliant banks
manage risks arising from currency fluctuations.
“For these two products, we are the first to receive
approval from the central bank,” Herwin Bustaman, HSBC Amanah’s
Indonesia head, said in a telephone interview