{"id":55316,"date":"2021-11-18T12:43:34","date_gmt":"2021-11-18T08:43:34","guid":{"rendered":"https:\/\/www.middleeastevents.com\/blog\/?p=55316"},"modified":"2021-11-18T12:43:34","modified_gmt":"2021-11-18T08:43:34","slug":"standard-chartered-saadiq-launches-usd-100-million-islamic-financial-programme","status":"publish","type":"post","link":"https:\/\/www.middleeastevents.com\/blog\/standard-chartered-saadiq-launches-usd-100-million-islamic-financial-programme\/","title":{"rendered":"Standard Chartered &#8216;Saadiq&#8217; Launches USD 100 Million Islamic Financial Programme"},"content":{"rendered":"<p>Standard Chartered \u2018Saadiq\u2019 announced today,in collaboration with the Malaysian Halal Development Corporation, the launch of a USD 100 million Islamic financial programme dedicated to supporting SMEs, Corporates and Multi-nationals across Asia, the Middle East and Africa with a focus on some of the key halal markets such as the UAE, Saudi Arabia, Malaysia, Bahrain, Bangladesh and Pakistan.<\/p>\n<p>The programme, which was announced during the Halal Week taking place at the UAE Expo, is part of Standard Chartered\u2019s Halal360 proposition and aims at expanding the Halal eco-system across Asia, Africa, and the Middle East.<\/p>\n<p>Khurram\u00a0Hilal, Chief Executive Officer of Islamic Banking and Head of Group Islamic Product at Standard Chartered, said: \u201cThe Halal economy is projected to witness exponential growth and as a leading player in Islamic Banking, we are honoured to be supporting Halal businesses across our global footprint. We are leveraging our network in high growth markets to help businesses succeed by offering them innovative financial solutions; thereby, contributing to the overall growth of the Halal trade -ecosystem.\u201d<\/p>\n<p>HairolAriffeinSahari, Chief Executive Officer of HDC quoted: \u201cThis is indeed an excellent opportunity for HDC to facilitate one of the most vital needs of the Halal companies including Multi-Nationals (MNCs), Corporates and Small and medium-sized enterprises (MSMEs), and that is halal funding. The funding will ease Malaysian companies to penetrate the Middle East, Asia and other global market, self-reliance and be more competitive domestically with the ultimate goal to become Halal Malaysia Champions,\u201d<\/p>\n<p>Halal Development Corporation Berhad (HDC) spearheads the development of Malaysia\u2019s integrated and comprehensive halal ecosystem and infrastructure to position Malaysia as the most competitive country leading the global halal industry. Established on 18 September 2006, HDC is also known as the central coordinator that promotes participation and facilitates the growth of industry players in the development of Malaysia\u2019s Halal ecosystem.\u00a0 An agency under the Ministry of International Trade and Industry (MITI); it is the world\u2019s first Government-backed halal industry development corporation<\/p>\n<p>Standard Chartered Saadiq is the only international Islamic banking network with a presence spanning across Asia, Africa, and the Middle East.\u00a0 Standard Chartered\u2018Saadiq\u2019was named \u2018Best Islamic Supply Chain Bank\u2019 at the Asset AAA Islamic Finance awards 2021 and offers a range of Trade Finance and Liquidity Management solutions which Halal companies can tap onto to grow their business and footprint.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-55317\" src=\"https:\/\/www.middleeastevents.com\/blog\/wp-content\/uploads\/2021\/11\/Khurram-Hilal-200x300.jpg\" alt=\"\" width=\"200\" height=\"300\" srcset=\"https:\/\/www.middleeastevents.com\/blog\/wp-content\/uploads\/2021\/11\/Khurram-Hilal-200x300.jpg 200w, https:\/\/www.middleeastevents.com\/blog\/wp-content\/uploads\/2021\/11\/Khurram-Hilal.jpg 427w\" sizes=\"auto, (max-width: 200px) 100vw, 200px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Standard Chartered \u2018Saadiq\u2019 announced today,in collaboration with the Malaysian Halal Development Corporation, the launch of a USD 100 million Islamic financial programme dedicated to supporting SMEs, Corporates and Multi-nationals across Asia, the Middle East and Africa with a focus on some of the key halal markets such as the UAE, Saudi Arabia, Malaysia, Bahrain, Bangladesh [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":55317,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-55316","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/posts\/55316","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/comments?post=55316"}],"version-history":[{"count":1,"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/posts\/55316\/revisions"}],"predecessor-version":[{"id":55318,"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/posts\/55316\/revisions\/55318"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/media\/55317"}],"wp:attachment":[{"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/media?parent=55316"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/categories?post=55316"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/tags?post=55316"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}