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StanChart Saadiq ‘Best International Islamic Bank 2009’

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Points of Essence:

  • The Islamic financial outfit of Standard Chartered Bank, Saadiq has been named by Euromoney the best international Islamic Bank for 2009 for the significant Islamic financial deals  it concluded last year. Saadiq has won numerous awards for its deals since its inception in 2007. The Edge Daily has the report.

Written by Financial Daily

KUALA LUMPUR: Standard Chartered Saadiq has been named “Best International Islamic Bank” for 2009 by Euromoney after concluding a number of significant deals throughout last year, including the first Sovereign Deal for the Government of Pakistan and a Project Finance Deal for Al Ma’aden Phosphate Company.

“The bank delivers syariah-compliant financial products and solutions seamlessly across our geographic footprint.

“To be voted ‘Best International Islamic Bank’ is testament to our Islamic banking team’s ability to combine syariah expertise with strong business understanding to meet our customers business needs,” Standard Chartered’s Saadiq’s group chief executive officer Afaq Khan said.

“The trust and the partnership with our customers and product partners have provided us the ability to deliver on a number of industry firsts that now serve as a benchmark across the markets for future similar deals.”

Standard Chartered Saadiq Bhd CEO Azrulnizam Abd Aziz said: “These multiple recognitions represent our growing success and continuous commitment in providing innovative banking solutions based on Islamic values.”

Standard Chartered Saadiq celebrated its first anniversary as a global Islamic banking brand last year offering solutions to small and medium enterprises including cash, trade finance and forex, and product offerings to individuals including mortgages, personal and auto finance, as well as third party distribution of Islamic funds.

In 2008, Saadiq was presented with 14 additional awards for major achievements in the Islamic banking field, including six deal-specific awards from Islamic Finance News Awards.

This brings the total number of awards for Saadiq to 28 since 2007.


Written by Suapi Shaffaii

March 10, 2009 at 1:04 pm

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