Islamic finance awards 2014: Standard Chartered Saadiq
Best international Islamic bank
Best Islamic structured products house
Standard Chartered Saadiq retains its title as the best of the international houses in Islamic finance. Following HSBC’s decision to step back from much of its Islamic presence, Standard Chartered stands apart as the name with the broadest and most integrated operation worldwide, although Citi continues to be a formidable competitor and HSBC is still strong in the businesses it has remained in.
|Afaq Khan, CEO at StanChart Saadiq|
Standard Chartered used to be outgunned in the Islamic capital markets, but today it leads syndicated Islamic finance league tables for Europe, the Middle East and Africa, and has raised $88 billion of Islamic finance for clients since 2004. It is at or near the top of international sukuk league tables, depending on what dates you specify, and turns up on some of the most interesting and important deals.