Standard Chartered to target Gulf halal markets with new $100m fund – ArabianBusiness.com
- Date: 02-Dec-2021
- Source: Arabian Business
- Sector:Financial Markets
- Country:Gulf
Standard Chartered to target Gulf halal markets with new $100m fund – ArabianBusiness.com
Banking giant Standard Chartered has announced the launch of a $100 million programme which aims to expand the halal ecosystem in markets such as the UAE and Saudi Arabia.
Its Saadiq Islamic banking arm announced, in collaboration with the Malaysian Halal Development Corporation (HDC), the launch of the Islamic financial programme dedicated to supporting SMEs, corporates and multi-nationals across Asia, the Middle East and Africa.
It has a focus on some of the world’s key halal markets such as the UAE, Saudi Arabia, Malaysia, Bahrain, Bangladesh and Pakistan.
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