Islamic finance awards: Best structured products house

Standard Chartered Saadiq’s Islamic structuring team had an impressive 2009. Among its first achievements was the capped, structured rate facility it executed for Tanjung Offshore Berhad, a holding company with investments primarily in the hydrocarbon services industry. The facility was provided during the volatile environment early in the year, after the Malaysian central bank cut rates. The instrument was the first ever Shariah-compliant capped facility.