bulletEDITOR'S PICKS

 

Chancellor’s tax evasion plans ‘blow to rule of law’

From Tax & Regulation Apr 16 2014 @ 11:44

Plans to remove a requirement to prove individuals with offshore accounts intended to evade tax...
view article

FSCS annual levy jumps for advisers despite overall drop

From United Kingdom Apr 15 2014 @ 16:43

The FSCS has announced that its total annual levy for 2014/15 will be less than predicted, but...
view article


bulletRELATED ARTICLES

 

bulletNEWS

 

LATEST NEWS

Eastspring Investments launches a three-year bond fund in Malaysia

Eastspring Investments launches a three-year bond fund in MalaysiaEastspring Investments Malaysia has launched a three-year close-ended...
view article

BlackRock grows AUM by 12%

From News Apr 17 2014 @ 17:13

Advisers banned for misleading 'thousands' of...

From United Kingdom Apr 17 2014 @ 16:32

MORE FROM Products

LATEST NEWS

Industry pragmatic as EU Parliament clears legislative decks

Industry pragmatic as EU Parliament clears legislative decks ahead of electionsAsset management, wealth management and insurance industry association...
view article

Brooks Macdonald sees strong first quarter

From United Kingdom Apr 17 2014 @ 14:42

Osborne’s grand plan

From Tax & Technical Apr 17 2014 @ 12:11

MORE FROM Europe

LATEST NEWS

FATCA compliance: time is running out

FATCA compliance: time is running outFinancial Institutions have just under three weeks left to apply for a Global...
view article

Brandeaux de-lists Student Accommodation Fund

From Products Apr 16 2014 @ 16:34

Group First Int’l gives non-UK...

From Products Apr 16 2014 @ 16:00

MORE FROM Tax & Regulation



Mark Battersby

Standard Chartered launches islamic online banking platform

From Asia Dec 13 2012 BY: Mark Battersby , Editor , International Adviser

Add to My News Comments (0)

Add to My News Print

Add to My News

add to twitter

add to linkedin


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.

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.
 

 

Add to My News Comments (0)

Add to My News Print

Add to My News

add to twitter

add to linkedin


COMMENTS


Have your say

(Be the first to) Have your say!

Please sign in or register here to leave a comment. Registration is free and only takes a few moments.






Share us on Twitter

SHARE US ON TWITTER
Join the community

Join us on Linked In

SHARE ON LINKED IN
Inform your colleagues

Switch to our mobile site

SWITCH TO MOBILE SITE
News on the go

Back tot he top of the page

BACK TO TOP OF PAGE
Just click here...