Standard Chartered Saadiq Berhad is celebrating its 10th year anniversary in Malaysia, showcasing the continued success of the deep relationship between the nation and the Bank.<\/p>\n
Standard Chartered became the first international bank in Malaysia to offer Islamic banking products in 1993, and Standard Chartered Saadiq Berhad was incorporated in 2008 as a full-fledged Islamic banking subsidiary.<\/p>\n
Since then, the Saadiq franchise has grown from strength to strength, launching several first-to-market Islamic products such as the Commodity Murabahah Programme, Profit Rate Swap, Cross Currency Swap, Forward Rate Agreement, Islamic Trade and Supply Chain proposition.<\/p>\n
\u201cStandard Chartered Saadiq offers global Islamic banking across Asia, Africa, and the Middle East.<\/p>\n
\u201cWe serve retail, commercial, and corporate clients by leveraging our footprint, product expertise, and market knowledge. Our world-class digital banking capabilities ensures that Islamic banking clients gets the best services anywhere in the world,\u201d said Ali Allawala, Chief Executive Officer, Standard Chartered Saadiq Berhad.<\/p>\n
Saadiq Berhad is also one of nine Islamic banks to form Bank Negara\u2019s Community of Practitioners for Value-based Intermediation (VBI).<\/p>\n
VBI is Bank Negara\u2019s pioneering sustainable financing initiative aimed at generating positive impact to the economy, community and environment without compromising returns to shareholders.<\/p>\n
\u201cWe are driven to ensure that not only do we comply Shariah requirements, but also achieve the intended outcomes of Shariah for the good of society,\u201d Ali said.<\/p>\n
\u201cWe are not just here for good, we are here to be a force of good as well,\u201d added Ali as he spoke at Saadiq\u2019s 10th Anniversary Gala Dinner at The Duchess, Kuala Lumpur.<\/p>\n
Not only that, the recent wins by Standard Chartered Saadiq at The Asset Triple A Islamic Finance Awards showcased the extensive cross-border global network that Standard Chartered possesses.<\/p>\n
Saadiq franchise swept 18 awards in total, taking its awards tally to 32 since the beginning of
2018.<\/p>\n
\u201cThe awards are a recognition of our ability of to provide the best Shariah-Compliant products to our clients.<\/p>\n
\u201cIt is encouraging that our wins are as diverse and extensive as our global footprint, and this is a testimony to our strong franchise,\u201d Ali said.<\/p>\n
Among the wins Standard Chartered Saadiq were awarded are \u201cBest Islamic Bank for Digital
Innovation\u201d and \u201cBest Islamic Digital Banking Product\u201d.<\/p>\n
Saadiq also received recognition for deals it has secured including \u201cBest Syndicated Loan\u201d for Saudi Telecom Company (STC) Malaysia\u2019s MYR 1.508 Billion C. Murabaha, \u201cBest Supranational Sukuk\u201d for IsDB USD 1.25Billion, \u201cBest Bank Capital Sukuk\u201d for Warba Bank USD 250 Million Tier 1, \u201cBest Real Estate Investment Trust Sukuk\u201d for Emirates REIT USD 400 Million and \u201cBest Country Deal\u201d for Bangladesh\u2019s KSRM Billet BDT 6.0 Billion syndication.<\/p>\n
Saadiq also won \u201cBest Country Deal\u201d for Hong Kong\u2019s Government USD 1.0 Billion Sukuk, \u201cBest Country Deal\u201d for Pakistan\u2019s Government USD 1.0 Billion Sukuk, \u201cBest Country Deal\u201d for Bahrain\u2019s ABG USD 400 Million Tier 1 sukuk, \u201cBest Country Deal\u201d for Qatar\u2019s QIB USD 750 Million sukuk and \u201cBest Country Deal\u201d for Turkey\u2019s Government USD 1.25 Billion Sukuk.<\/p>\n
Saadiq also won \u201cSukuk Adviser of the Year\u201d both globally and in the United Arab Emirates, as well as \u201cBest Investment Bank\u201d in the Middle East.<\/p>\n
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