The new Islamic solutions will be delivered in collaboration with Standard Chartered Saadiq, the bank’s Islamic banking arm, which has over 18 years of experience in Islamic banking and finance, stated Bernama.
The new solutions range from fiduciary deposits, property financing, equities and discretionary services, mutual funds (including Exchange-Traded Funds), Islamic bonds (Sukuks), to third-party structured products.
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Bernama quoted Standard Chartered Private Bank CEO and global head of high value client coverage Shayne Nelson saying that the Islamic financial solutions will offer a combination of private banking solutions, international capabilities and Shariah compliance.
Standard Chartered Private Bank, the private banking division of Standard Chartered, employs 470 relationship managers globally and has 25 offices including two trust offices across Asia, Africa, Middle East and Europe.
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