bulletEDITOR'S PICKS

 

EEA accused of 'deliberately' withholding information

From Products Oct 22 2014 @ 16:57

EEA has been accused of “deliberately” withholding information after an action group discovered...
view article

Licensed providers and brokers named by UAE regulator

From Middle East Oct 20 2014 @ 12:44

The UAE Insurance Authority has published, for the first time, a full list of companies...
view article


bulletRELATED ARTICLES

 

bulletNEWS

 

LATEST NEWS

Funds start buying into Alibaba

Funds start buying into AlibabaAbout one month after Alibaba's $25bn IPO on the NYSE, the largest in history...
view article

EEA accused of 'deliberately' withholding...

From Products Oct 22 2014 @ 16:57

St James’s Place in profile – Guaranteed...

From Profiles Oct 22 2014 @ 15:39

MORE FROM Asia

LATEST NEWS

UK failing to protect ‘compromised’ finance sector, says WMA

UK failing to protect ‘compromised’ finance sector, says WMAThe UK’s finance industry has been compromised in “numerous ways” by EU reforms...
view article

Record numbers sign up for annual ME Investment...

From Middle East Oct 22 2014 @ 11:56

Pact signed by Standard Life and Commericial...

From Asia Oct 22 2014 @ 09:58

MORE FROM Europe

LATEST NEWS

Hong Kong suspends DBS Vickers broker

Hong Kong suspends DBS Vickers broker Hong Kong's regulators have suspended the licence of a broker formerly at DBS...
view article

Italy to introduce ‘unique’ tax disclosure...

From Europe Oct 21 2014 @ 16:16

Six UK small-cap funds to keep an eye on

From Products Oct 21 2014 @ 16:00

MORE FROM Asia



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...