Standard Chartered Saadiq, the bank’s brand name for Islamic banking, yesterday unveiled two shariah compliant products for business customers in Bangladesh.
The products — Islamic business installment finance, and Islamic finance against property — are designed for small and medium enterprises (SMEs). Islamic business installment finance operates under the concept of goods murabaha and Islamic finance against property works under hire purchase Shirkat-ul-Melk (diminishing musharaka) concept……………………………………….Full Article: Source