Standard Chartered Bank plans to provide Islamic banking services in Qatar
Standard Chartered Bank intends to provide Islamic banking services in Qatar prompted by the popularity of Islamic banking in this region, a senior official of the bank was quoted as saying on Wednesday by The Peninsula newspaper.
The Standard Chartered has already offering Islamic banking services in countries like Malaysia, Pakistan and the UAE, Chris Keljik, Group Executive Director of the bank stated.
"We are well aware of the potential of Islamic banking in this region and are seriously considering a proposal to offer banking services on these lines in Qatar as well," he conveyed.
David Edwards, Regional General Manager for Standard Chartered in the Middle East and South Asia, said the bank was planning to strengthen its presence in Islamic banking in the Middle East considering the fact that this system of banking catered to a major chunk of the national and expatriate population in the region. "It is an area of great interest to us," he asserted. (menareport.com)
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