Post by Th Zink on Aug 8, 2012 9:24:47 GMT 4
Standard Chartered Private Bank has launched a comprehensive suite of Sharia-compliant financial solutions for its Islamic clients.
The Singapore-based private bank intends to target Muslim high net worth (HNW) individuals around the world, offering them a wide range of products.
These will include among which Islamic bonds (sukuks), fiduciary deposits, property financing, equities and discretionary services, mutual funds (including exchange-traded funds) and third-party structured products.
Standard Chartered said it has identified Islamic private banking as a gap in the current market product offering.
The Islamic banking solutions will become available by mid June across the bank’s booking centers in London, Geneva, Jersey and Dubai.
The services will be delivered in collaboration with Standard Chartered Saadiq, the Bank’s Islamic banking arm, which has more than 18 years of experience in Islamic banking and finance and is present onshore in six different markets.
The Singapore-based private bank intends to target Muslim high net worth (HNW) individuals around the world, offering them a wide range of products.
These will include among which Islamic bonds (sukuks), fiduciary deposits, property financing, equities and discretionary services, mutual funds (including exchange-traded funds) and third-party structured products.
Standard Chartered said it has identified Islamic private banking as a gap in the current market product offering.
The Islamic banking solutions will become available by mid June across the bank’s booking centers in London, Geneva, Jersey and Dubai.
The services will be delivered in collaboration with Standard Chartered Saadiq, the Bank’s Islamic banking arm, which has more than 18 years of experience in Islamic banking and finance and is present onshore in six different markets.