StanChart relaunches sharia platform
The move is indicative of international banks' increasing interest in tapping into the sharia-compliant market. Last year, dealers closed a number of firsts for rates products using sharia principles, such as the Deutsche Bank Islamic profit-rate collar for Dubai Islamic Bank.
"We are marketing the sharia-compliant OLT platform to corporate and institutional customers in the Middle East, the UK, and South and South-east Asia," said Ghazanfar Naqvi, head of Islamic products at Standard Chartered
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