Standard Chartered Saadiq Berhad (StanChart Saadiq), the Islamic banking subsidiary of Standard Chartered Bank Malaysia, opened its first branch in Kuching last week. StanChart Saadiq chief executive officer Wasim Saifi said the new branch will further support the growth of Islamic banking in the country and, at the same time, strengthen its Islamic banking footprint in Sarawak and Sabah.
“Islamic banking has been growing twice as fast as conventional banking, owing to the rising customer demand, increasing sophistication of Islamic banking offerings and strong government support,” Wasim said in a statement. ……………………………………….Full Article: Source