23.06.2011 - Bangladesh: StanChart offers Islamic products for SMEs
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
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