Standard Chartered Saadiq, the Islamic banking division of Standard Chartered Bank, has opened its first dedicated Islamic banking centre at the Al Khalidiya Branch in Abu Dhabi, UAE.
The new office, which will offer a complete range of Shariah-compliant banking products and services, has been opened to bridge the service and distribution gap between Islamic and conventional banking services.
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Wasim Saifi, global head Islamic retail clients & CEO Standard Chartered Saadiq Malaysia, Standard Chartered, said, "Standard Chartered Saadiq is the only international bank offering Shariah-compliant retail banking services in the UAE."
"The launch of our Saadiq Islamic Banking Center is in line with our commitment to enhance our products and services and bridge the service and distribution gap between Islamic and Conventional Banking.
"We have a dedicated and qualified Islamic Banking team who are trained to provide our clients with world-class Islamic financial expertise and advise them on the best products and services that match their needs," Saifi added.
Standard Chartered, Islamic Retail Clients Middle East, head Sultan Ali Haider commented, "The Saadiq Centre boosts our capability to meet the strong demand for Islamic Banking in the capital of the UAE."
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By GlobalDataStandard Chartered operates a network of 11 bank branches, five electronic banking units and over 90 ATMS and cash deposit machines in the UAE.
