standard chartered launches islamic platform

Added 13th December 2012

Standard Chartered Bank has launched an Islamic version of its online banking platform, Straight2Bank which will be offered in the United Arab Emirates, Bangladesh, Bahrain, Pakistan and Malaysia.

standard chartered launches islamic platform

The new Shariah compliant platform, which is aimed at Standard Chartered’s growing Islamic customer base including SMEs, will give branchless access to cash management, trade, securities services and reporting.

Wasim Saifi, global head of Islamic banking, consumer bank said: “Islamic Banking has become a significant part of the mainstream. Today, the gap between conventional and Islamic banking solutions has narrowed substantially. The launch of Shariah compliant Straight2Bank is a natural step in the evolution of the Islamic Banking industry and another addition to the broadening spectrum of financial services offerings for those seeking Shariah compliance.”

Tim Hinton, global head of SME banking, Standard Chartered said: “SMEs are the backbone of economies, particularly in Muslim nations where they have a large involvement in job creation and domestic production. In the Middle East and Africa, they are one of the fastest-growing sectors with notable growth in new enterprises.”

In June this year, Standard Chartered Private Bank also launched a suite of Islamic services, available through its offices in London, Geneva, Jersey and Dubai, which cover fiduciary deposits, property financing, equities and discretionary services, mutual funds including ETFs, Islamic bonds (Sukuks), and third-party structured products.
 

 

Visitor's Comments Add your comment

Add Your Comment

We won't publish your address

About Author

Mark Battersby

Editor, International Adviser

International Adviser

Mark Battersby is editor of International Adviser. He is also programme director for International Adviser events in strategic expat locations around the world, and its flagship FundLinks conference in London. Mark joined Last Word Media in February 2012, having previously worked at Citywire, Interactive Investor International, and FT Business.

Features

Why advisers need to ‘keep their mouths shut’

Why advisers need to ‘keep their mouths shut’Lock icon

Award-winning adviser and author Deena Katz outlines the importance of conversation, academic training and the rise of fee-based advice in the US.

Analysis

Profiles

Directories

Canada Life International Limited
Canada Life International...

Canada Life International Canada Life House,...

Tweets

Events

IA Multi-Asset Masterclass Dubai 2017
IA Multi-Asset Masterclass Dubai 2017

Wednesday 24 May
The Shangri-La Hotel, Dubai

IA Portfolio Bond & Tax Planning Forum Birmingham 2017
IA Portfolio Bond & Tax Planning Forum Birmingham 2017

Tuesday 20 June
The Hyatt Regency, Birmingham

 

IA International Fund Links Forum 2017
IA International Fund Links Forum 2017

Wednesday 14 September

The Langham, London

IA Best Practice Adviser Awards Europe 2017
IA Best Practice Adviser Awards Europe 2017

Thursday 28 September
The Waldorf Hilton, London

Sponsored Content

Investment Strategy

OTHER STORIES FROM LAST WORD...