Standard Chartered Bank Saadiq

StanChart Saadiq avoids Islamic hedge funds

Standard Chartered Bank sees opportunities in Islamic derivatives products but is steering clear of hedge funds, another grey area of sharia-compliant finance, the head of its Saadiq unit said.

StanChart to launch Islamic commodity derivative: CEO

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

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