In my opinion it’s similar to bowing not completely but similarity exist….
Btw there’s Hasan ahadith regarding what should we when we meet
Anas (May Allah be pleased with him) reported: A man asked: “O Messenger of Allah! When a man meets a brother or a friend, should he bow to him?” He said, “No.” The man asked whether he should embrace and kiss him? The Messenger of Allah (ﷺ) replied, “No.” He asked whether he should hold his hand and shake it? The Messenger of Allah (ﷺ) replied, “Yes.”. [Riyad as-Salihin 888]