As Malaysia aims to increase Islamic assets to 40 per cent of its total banking assets, Saadiq, the Islamic banking arm of Standard Chartered (StanChart) Bank is confident that it too could bank on this ambitious target and significantly grow its Islamic banking assets here.
Like other international banks, StanChart does not publicly share growth targets but Saadiq Malaysia chief executive officer Wasim Saifi said in the first half of this year, 12 per cent of StanChart Malaysia’s revenue was contributed by Islamic banking business compared to 11 per cent in 2011………………………………………..Full Article: Source