bulletEDITOR'S PICKS

 

Guidance guarantee levy ‘unfair on advisers’

From United Kingdom Sep 19 2014 @ 02:08

A proposed levy to pay for the UK’s guidance guarantee would be unfair on advisers and consumers,...
view article

Scotland, a new fund domicile?

From Products Sep 18 2014 @ 09:27

A ‘Yes’ vote in today's Scottish independence referendum will likely have serious...
view article


bulletRELATED ARTICLES

 

bulletNEWS

 

LATEST NEWS

Scottish wealthy cannot rest on independent laurels, warns law firm

Scottish wealthy cannot rest on independent laurels, warns law firmScotland has voted “No” to independence from the United Kingdom,...
view article

Whittingham to step back from Square Mile

From People Sep 19 2014 @ 06:13

A driving force - A profile of Countrywide...

From Profiles Sep 19 2014 @ 04:57

MORE FROM United Kingdom

LATEST NEWS

Guidance guarantee levy ‘unfair on advisers’

Guidance guarantee levy ‘unfair on advisers’A proposed levy to pay for the UK’s guidance guarantee would be unfair on advisers...
view article

A sustained achievement: Business strategies...

From Analysis Sep 18 2014 @ 16:43

Skandia stops charging advice to offshore bonds

From Products Sep 18 2014 @ 15:50

MORE FROM United Kingdom

LATEST NEWS

Ailing bank sanctioned by Dubai regulator

Ailing bank sanctioned by Dubai regulatorThe Dubai Financial Services Authority (DFSA) has restricted ES Bankers Dubai...
view article

Life company cross-border costs to leap...

From Europe Sep 18 2014 @ 12:08

PwC appoints asset management director

From People Sep 18 2014 @ 10:42

MORE FROM Middle East



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...