 HSBC entered Brunei in 1947 but commenced winding down its operations on April 2016 citing the bank's optimisation of its global network and reduced complexity.HSBC stopped offering Amanah (a retail banking product and service in compliance with the Islamic Shari'ah laws) in Bahrain, Bangladesh, Indonesia, Singapore and the UAE following a strategic review of its global Islamic Finance businesses, while the bank continues on offering the same Shari'ah compliant products and services in Malaysia and in Saudi Arabia.Further, HSBC Private Bank is a name for UK-based private banking division.