AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Karachi, June 19, 2013 (PPI-OT): Standard Chartered Saadiq won the “Islamic Bank of the Year in Pakistan” award by The Banker, an affiliate of Financial Times. The award is in recognition of Standard Chartered’s structuring and distribution capabilities, and reinforces the leadership position in Islamic Banking.
The Bank was competing with some of the largest local players in the Banking Industry and has won this award on the basis of its competence and commitment to the customers. While, the Banker celebrated the significant achievements made by Islamic banks across the globe, the entries from 13 country categories were united by two common themes: growth and innovation.
The Islamic bank entrants were judged not only on their ability to deliver shareholder returns, but also on the strategies used to gain proven market advantage, as well as on the launch of competitive products. Standard Chartered Saadiq Pakistan was recognised for its leadership position since 2004, as the only foreign bank in Pakistan that offers innovatively structured sharia-compliant Islamic banking products and services.
Commenting on the recognition Mohsin A. Nathani, Chief Executive Officer, Standard Chartered Bank Pakistan said, “This is excellent recognition of a powerful Saadiq brand. Pakistan is one of Standard Chartered’s most important markets globally and we remain committed to providing our customers with world class financial products and services that cater to their specific needs.”
This award reflects the Bank’s commitment towards innovation and building long term partnerships with clients to help them manage their finances efficiently and to create additional economic value in their businesses.
The Banker award announcement quoted, “Standard Chartered Saadiq has retained a leadership position since 2004, as the only foreign bank in Pakistan that offers innovatively structured sharia-compliant Islamic banking products and services.”
Standard Chartered Pakistan was the first international bank to get an Islamic Banking license and to open the first Islamic Banking branch in Pakistan. Over 50 Standard Chartered branches nationwide effectively offer a wide range of Shariah compliant solutions that combine the Bank’s deep local knowledge with its global expertise.
For more information, contact:
Farhan Ahmed
Head of Corporate Affairs
Standard Chartered Bank (Pakistan) Limited
1st Floor, New Jubilee Insurance Building,
I.I.Chundrigarh Road, P.O.Box 5556,
Karachi.
Fax: 0092-21-38140902
Tel +92 213 2450239
Cell +92 302 8241311
Email: Farhan.ahmed@sc.com