| Standard Chartered, which makes most of its revenue from Asia, is expanding its retail Islamic banking business in the UAE and Bahrain, two markets HSBC Holdings is withdrawing from.
Standard Chartered Saadiq, the lender’s Islamic banking unit, has started to offer Shariah-compliant financing to small and medium-sized companies in Bahrain, according to Sultan Ali Haider, Dubai-based general manager for consumer Islamic banking. The bank is also developing its businesses in the UAE, the second-biggest Arab economy, he said..............................................Full Article: Source
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