The bank was presented with three distinguished awards “Best Islamic Project Finance House”, “Most Improved in Asia” and Afaq Khan, CEO, Standard Chartered Saadiq, was honoured with a personal achievement award for “Outstanding Contribution to Islamic Finance”.
Standard Chartered’s leadership in Islamic Banking has continued to gain external recognition. Over the past four years, Standard Chartered Saadiq has received more than 66 industry awards.
“We are very pleased to win these awards which recognise our contributions in major Islamic markets,” said Standard Chartered Saadiq’s UAE based CEO, Afaq Khan.
“Our close working relationships with regulatory and industry bodies have been imperative in the development of the Islamic Banking sector. I am very honoured to be presented the personal achievement award. This award is a tribute to the dedication, professionalism and combined effort of the Saadiq team and colleagues across the bank,” he said.
To date, Standard Chartered Saadiq has rolled out more than 150 Islamic financial products and solutions. These extend across the entire client spectrum including retail, corporate, financial institutions and government bodies for Wholesale and Consumer Banking. Offerings such as the Islamic Commodity Hedging product and Shariah-compliant US dollar Nostro account have earned the Bank the reputation as a provider of innovative, cutting-edge Islamic solutions and gained recognition as a thought leader and innovator in the market.