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Posts Tagged ‘Standard Chartered Saadiq Berhad

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.

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Written by Suapi Shaffaii

March 10, 2009 at 1:04 pm

Standard Chartered Targets To Grow Islamic Assets To 20 Pct Through Saadiq

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Points of Essence:

  • Standard Chartered Saadiq is set to grow its Islamic banking assets size to 20% by 2012. Currently the assets stood at 11.4% , worth about RM5.4 billion as of last year. The Islamic brand of Standard Chartered Bank, which has presence in major Muslim nations, is also keen to expand its operations in Malaysia and support Malaysia’s Islamic financial hub ambition. Bernama has the report.

KUALA LUMPUR, Nov 12 (Bernama) — Standard Chartered Bank (Malaysia) Bhd expects its Islamic finance assets to grow to 20 percent in the next three to four years from the current 11.4 percent with the opening of its Islamic subsidiary Standard Chartered Saadiq Bhd.

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Written by Suapi Shaffaii

November 12, 2008 at 10:00 pm

StanChart Malaysia appoints Islamic subsidiary CEO

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Points of Essence:

  • Standard Chartered Saadiq Berhad of Malaysia has appointed Azrul Nizam Abdul Aziz as its new CEO. Saadiq Berhad is the Malaysian based Islamic subsidiary of Standard Chartered Bank. Saadiq is the StanChart’s global brand of Islamic banking.

KUALA LUMPUR, Nov 5 (Reuters) – The Malaysian unit of Standard Chartered has appointed Azrulnizam Abdul Aziz as chief executive of its Islamic subsidiary, the lender said on Wednesday.

Azrulnizam, who was previously head of the bank’s Islamic banking division, will now lead Standard Chartered Saadiq Berhad, the bank said in a statement. (Reporting by Liau Y-Sing; Editing by Alex Richardson)

Source: http://www.reuters.com

Note: See more of Stanchart Islamic here.

Written by Suapi Shaffaii

November 5, 2008 at 10:13 pm