It is, of course, to be expected of Standard Chartered to open an Islamic bank in Sabah. It is after all, the first foreign bank to offer Islamic banking services in Malaysia in 1992.
But coming on the heels of Saudi Arabia’s Al Rajhi, the world’s biggest Islamic bank which opened its first branch in Kota Kinabalu last December, Stanchart Saadiq’s first branch at 1Borneo Hypermall in Kota Kinabalu underscores the scope of Islamic finance in the resource-rich Borneo island state………………………………………..Full Article: Source