Home ›› 30 Aug 2021 ›› Corporate
Standard Chartered Saadiq Bangladesh has been awarded as Islamic Bank of the Year and Best Islamic Retail Bank at the The Asset Triple A Islamic Finance Awards 2021.
The Asset Triple A Islamic Finance Awards are the industry's most prestigious awards in what has become one of the fastest growing and most promising niches of global finance. The awards recognise the best Islamic banks and houses, as well as the deals that defined the industry during the review period. The Asset adopts a rigorous approach in selecting the best Islamic institutions and transactions in various countries, said a press release recently.
Naser Ezaz Bijoy, Chief Executive Officer, Standard Chartered Bangladesh said, “This award is the recognition of the team’s ability to deliver excellence consistently, even in the face of unique and unprecedented challenges. This was possible thanks to the trust placed in us by our clients, regulators and all our stakeholders. Islamic finance in Bangladesh is fast evolving, keeping pace with our dynamic economy. Standard Chartered is the only international bank that offers Islamic banking overseen by an independent global Shariah board consisting of world renowned Shariah scholars. By leveraging our global network, technology and unique product propositions, we hope to serve the continuously changing needs of our valued clients.”
Standard Chartered Saadiq is the only international Islamic banking proposition in Bangladesh for both retail and corporate clients, with a network spanning across Asia, Africa, and the Middle East that provides an unparalleled network advantage to clients seeking access to new markets through Sharia-compliant product offerings. Through its network, Standard Chartered Saadiq is acting as a key driver in facilitating business matching opportunities for local businesses in their global expansion.
2021 marks 16 years of operation in Bangladesh for Standard Chartered Saadiq. It has led the way in Islamic Banking by introducing a number of ‘firsts’, from introducing the first Islamic credit card in 2007 to arranging the first Sukuk transaction in the market in 2019. Its continuous focus on excellence has seen it being recognised through a host of international awards, including the Asset Triple A Islamic Finance Award, The Banker Islamic Bank of the Year and Global Finance Best Islamic Financial Institution, recently.
Standard Chartered is always looking for ways to better serve its clients. It has recently evolved the brand to reflect the progress and innovation that drives its business forward. The refreshed Standard Chartered logo is dynamic and agile, adapted for the digital world whilst upholding 160-year heritage across Asia, Africa and the Middle East. From February 2021 onwards, the new brand will gradually be introduced across client touchpoints, marking the beginning of global transition towards an elevated client experience.
Inspired by the Arabic word for ‘truthful’, Saadiq is the bank’s global Islamic banking network, spanning Asia, Africa, and the Middle East. With a dedicated Islamic banking team working alongside a renowned advisory committee of scholars – as well as local Shariah supervisory committees for Pakistan and Malaysia – the bank combine deep Shariah expertise with strong business acumen.
Standard Chartered Bank opened its first branch in Bangladesh in 1948, in Chattogram, the port city and a major trading hub. With the acquisition of Grindlays Bank in Bangladesh in August 2000, the bank inherited a presence in this country that dates back to 1905. The commercial banking business of American Express Bank was also acquired in 2006.
The bank offers a full range of banking services across all segments.
