HSBC Amanah launches digital Islamic trade finance tool

HSBC Amanah has rolled out a new Syariah-compliant digital trade finance solution known as HSBC TradePay-i, designed to ease business access to trade facilities and enhance payment efficiency to suppliers. This innovation is aimed at providing greater financial flexibility to businesses, especially those dependent on short-term financing for working capital needs.

According to HSBC Amanah, businesses often encounter a tedious and time-consuming process when applying for such financing—typically involving extensive document preparation and drawdown applications. The introduction of TradePay-i seeks to address these issues by enabling users to simply upload a payment file and execute direct payments to suppliers, thereby streamlining the entire financing process.

Raja Amir Shah, Chief Executive Officer of HSBC Amanah, emphasized the growing need for such solutions amid rising global tariff challenges and uncertainties in trade that disrupt cost structures and pose supply chain risks. He noted that HSBC’s TradePay-i delivers the liquidity that businesses require to navigate these complexities while ensuring efficient trade flow optimization.

This solution, Raja Amir explained, reflects the rising demand in Malaysia for ethical, transparent, and interest-free financial products. He highlighted that TradePay-i aligns with a policy environment that is increasingly supportive of innovative Islamic finance solutions. The initiative not only underlines HSBC Amanah’s commitment to evolving Islamic financial services but also caters to the shifting trade landscape reshaped by digitisation.

Further elaborating on the product’s strategic value, Shreyas Krishna, HSBC Malaysia’s Head of Global Trade Solutions, described TradePay-i as more than just a financing tool. He characterized it as a “catalyst for growth, speed, and strategic advantage.” He added that the platform enables businesses to engage in trade with greater agility, finance operations with more certainty, and expand confidently—even during volatile market conditions.