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StanChart to launch Islamic commodity derivative

Posted on 17 February 2010

From Reuters: Standard Chartered Bank Saadiq expects to launch an Islamic commodity derivative in the first quarter, the bank’s chief executive said on Tuesday.

Speaking at the Reuters Islamic Banking and Finance Summit, Afaq Khan said the bank was in advanced discussions with counterparties in the Middle East, including trading companies and government entities, to launch the product…………………………………Full Article: Source

 
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