28.09.2010 - Standard Chartered Bank launches first Islamic US Dollar Nostro Account
From Ameinfo.com: Standard Chartered Bank today announced the launch of the first Islamic US Dollar Nostro Account in the United States. Islamic banks across the world will now be able to earn Shariah-compliant profits on their account balances at Standard Chartered Bank New York by using this facility. The facility will operate on the Islamic finance principle of Commodity Murabaha. Profits will be paid on a monthly basis..............................................Full Article: Source
Print