bulletEDITOR'S PICKS

 

Specifics of Singapore insurance channel due by "end of the month"

From Asia Jul 25 2014 @ 11:16

The Monetary Authority of Singapore (MAS) has announced that it will release details of its...
view article

Discretionary FuM jumps 28% at Brooks Macdonald

From United Kingdom Jul 24 2014 @ 10:49

Discretionary funds under management at Brooks Macdonald increased by almost 30% during the past...
view article


bulletRELATED ARTICLES

 

bulletNEWS

 

LATEST NEWS

Spain boosts Mirabaud AUM

Spain boosts Mirabaud AUMSwiss asset manager and private banker Mirabaud recorded substantial inflows from...
view article

RBS posts £2.6bn profits in surprise results...

From United Kingdom Jul 25 2014 @ 12:40

Specifics of Singapore insurance channel due by...

From Asia Jul 25 2014 @ 11:16

MORE FROM Europe

LATEST NEWS

Jersey sees post-AIFMD growth in Europe placed funds

Jersey sees post-AIFMD growth in Europe placed funds The number of funds notifying the Jersey Financial Services Commission (JFSC) of...
view article

Four celebs who paid the price of tax avoidance

From Tax & Regulation Jul 24 2014 @ 14:00

Could UK expats miss out on ‘freedom of choice...

From Tax & Technical Jul 24 2014 @ 12:13

MORE FROM Tax & Regulation

LATEST NEWS

Malaysia’s AmInvest offers two feeders into Allianz’ funds

Malaysia’s AmInvest offers two feeders into Allianz’ fundsMalaysia’s AmInvest has unveiled mixed asset and equity growth feeder funds...
view article

CIMB-Principal Asset Management to acquire...

From Asia Jul 24 2014 @ 11:18

Discretionary FuM jumps 28% at Brooks Macdonald

From United Kingdom Jul 24 2014 @ 10:49

MORE FROM Products



Simon Danaher

Standard Chartered moves into Shariah space left by HSBC

From Middle East Nov 1 2012 BY: Simon Danaher , Online 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 is expanding its Shariah banking operations in the United Arab Emirates and Bahrain, just a few weeks after HSBC announced it would be pulling out of the region.

Responding to media speculation, a spokesperson confirmed there had been a “growing demand for Shariah-compliant banking services” across its key Islamic banking markets.

The spokesperson added that Standard Chartered had begun to offer Shariah-compliant financing to small and medium-sized companies in Bahrain and that it is “developing our businesses in the UAE, both in the retail and commercial spheres”.

In early October, HSBC Holdings said it is to cease selling Shariah-compliant retail products in the UK, UEA, Bahrain, Bangladesh, Singapore and Mauritius – although it said it would continue to handle wholesale Islamic products in those countries.
 

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...