Standard Chartered launches Shariah-compliant services

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The Islamic arm of Standard Chartered Bank has launched Shariah-compliant services for its UAE-based customers.

The launch aims to appeal to the Bank’s individual clients as well as small and medium-sized enterprises based in the Emirates. Standard Chartered confirms that all 600 of the Bank’s front line staff are fully trained in Islamic banking in its 11 branches spread across the Emirates. Individuals are offered the usual range of current accounts with credit cards and savings accounts including term deposits, as well as support with specialists finance and investments. Business clients are offered Islamic Tijarah (SME) including trade finance, cash flow and management support and foreign exc...

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