StanChart makes KL its Islamic banking hub

Standard Chartered Bank is making Kuala Lumpur its global business hub for Islamic consumer banking as part of its strategy to grow its Islamic banking business.

In this regard, Standard Chartered's Global Head of Islamic Banking and a new team of experts, will be based at its head office in the capital by year-end to further drive business momentum in the country.

It will also continue working with other new markets to build and strengthen its Islamic banking proposition under the Standard Chartered Saadiq brand.

Standard Chartered said the new hub underscores the strategic importance of the Malaysian market for the bank's operations.

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