Stanchart Private Bank Launches Islamic Financial Solutions

By Tengku Noor Shamsiah Tengku Abdullah SINGAPORE, June 4 (Bernama) -- Standard Chartered Private Bank on Monday announced its forthcoming launch of a comprehensive suite of Islamic financial solutions for its clients. The 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. These solutions will become available to clients by mid-June this year across the Private Bank’s booking centres in London, Geneva, Jersey and Dubai. Shayne Nelson, Standard Chartered Private Bank Chief Executive Officer and Global Head of High Value Client Coverage, said: "There are growing expectations among our clients for Shariah-compliant private banking solutions. "Our Islamic financial solutions launch offers a good combination of private banking solutions, international capabilities and Shariah compliance. "As a leading international bank with Islamic banking expertise, we are well positioned to help clients meet their wealth management needs that conform to their religious beliefs while preserving commercial benefits such as access to an international network and high quality advisory services from a trusted partner," he said here on Monday. The Private Bank’s Islamic financial 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, and has onshore presence in six markets. Standard Chartered Private Bank is the private banking division of Standard Chartered. Headquartered in Singapore, the Private Bank provides exciting career opportunities to over 1,200 employees including over 470 relationship managers globally. It has 25 offices including two trust offices across Asia, Africa, Middle East and Europe. -- BERNAMA