bulletEDITOR'S PICKS

 

QROPS to receive same flexibility as UK pensions

From Retirement Oct 23 2014 @ 12:33

The Taxation of Pensions Bill, debated in Parliament last week, will ensure additional benefits...
view article

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


bulletRELATED ARTICLES

 

bulletNEWS

 

LATEST NEWS

14% sales increase for Axa Wealth Int’l

14% sales increase for Axa Wealth Int’lSales increased by 14% during the third quarter for Axa Wealth International...
view article

Holborn IFA faces ban and £290k fine in UK

From Tax & Regulation Oct 24 2014 @ 11:30

SLI to close ‘economically unviable’ China Fund

From Products Oct 24 2014 @ 11:09

MORE FROM Life

LATEST NEWS

Fund manager profile: Coupland Cardiff's Jonathan Dobson

Fund manager profile: Coupland CardiffOne of the first things you discover upon meeting Yorkshire native and Coupland...
view article

Coral adds to management team following GSA...

From People Oct 23 2014 @ 17:05

Credit Suisse returns from slow half year with...

From Europe Oct 23 2014 @ 16:45

MORE FROM Profiles

LATEST NEWS

QROPS to receive same flexibility as UK pensions

QROPS to receive same flexibility as UK pensionsThe Taxation of Pensions Bill, debated in Parliament last week, will ensure...
view article

HMRC tax demands total £250m

From Tax & Regulation Oct 23 2014 @ 10:57

Manulife Singapore seals deal with RHB Bank...

From Asia Oct 23 2014 @ 10:30

MORE FROM Retirement



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...