KARACHI: Standard Chartered has been awarded the titles of “Islamic Bank of the Year” and “Most Innovative Sukuk” by The Banker, marking a significant achievement for the bank’s global Islamic banking franchise.
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The recognition highlights the bank’s strength in delivering Shariah-compliant financial solutions across affluent, corporate and institutional client segments throughout Asia, Africa and the Middle East.
According to the bank, the awards acknowledge its growing role in facilitating Islamic finance solutions ranging from personal banking and wealth management to large-scale financing and capital market transactions.
The bank has also been recognized for its expertise in structuring innovative sukuk solutions and connecting issuers with diversified global liquidity pools and investors across multiple markets.
Speaking on the achievement, Khurram Hilal said Islamic finance was evolving rapidly beyond traditional domestic market access.
“Affluent clients are increasingly investing globally, while corporates and institutions are raising capital through more diversified sources of liquidity,” he said.
Hilal added that Standard Chartered provides clients with a unified Shariah-compliant platform that enables access to investment opportunities and capital markets while maintaining strong execution standards across borders.
He noted that the bank’s ability to deliver scalable Islamic finance solutions while meeting both commercial and Shariah requirements distinguishes it in the global market.
The awards come at a time when Islamic finance continues to witness strong international growth. Industry projections indicate that global Islamic finance assets are expected to grow by 36 percent and reach approximately $7.5 trillion by 2028.
Standard Chartered stated that its global network allows clients to access financing, investment and liquidity solutions across different regions efficiently.
The bank also highlighted its Shariah governance framework, overseen by an internationally respected Shariah Supervisory Committee, which ensures transparency, compliance and integrity in all Islamic financial products and services.
Officials said the latest recognition reinforces Standard Chartered’s position as a leading institution in cross-border Islamic finance and sukuk structuring.
Tags: dailytheazab, StandardChartered, IslamicBanking, Sukuk, BankingAwards, ShariahFinance, GlobalFinance, PakistanBanking
