THE STANDARD Chartered bank has announced the launch of an Islamic version of its online banking platform, Straight2Bank.
The enhanced platform expands client access to the Bank’s Islamic products by providing its growing Islamic customer base a secure online portal that is compliant with Shariah laws.
According to the bank, the existing Straight2Bank platform was enhanced to meet the needs of the Bank’s Islamic clients, presenting a convenient, branchless access channel to cash management, trade, securities services and reporting. The introduction of a Shariah compliant Straight2Bank will improve operating efficiency for the Bank’s Islamic clients by enabling them to manage their cash and trade portfolios with the Bank electronically and instantaneously.
Afaq Khan, CEO of Standard Chartered Saadiq, the Bank’s Global Islamic Banking business, commented: “We have observed growing client demand for Shariah-compliant banking services across our key markets. We are confident that the launch of this platform will serve to reaffirm our commitment to our clients in line with their needs and aspirations.”
Shariah compliant Straight2Bank will be available to customers across all segments, including SMEs, in the United Arab Emirates, Bangladesh, Bahrain, Pakistan and Malaysia.