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Standard Chartered Bank Case Study

1514 Words7 Pages

INTRODUCTION
Standard chartered bank is one of the largest international bank operating in Pakistan with the history of over 150 years in this industry .The SCB is able to fully use its capabilities and product expertise to produce customised solutions to it’s valued customers according to their needs.
SCB employs 38000 people in 950 locations in more then 56 countries in Asia ,Pacific region,The middle east ,Africa,The United Kingdom and the Americas.
History of SCB in Pakistan
Dates back to 1863 ,when the Chartered Bank of India, Australia and China first established it’s operations in Karachi Pakistan. In 2006 SCB aquired Pakistan Union Bank.On 30 December 2006 mergence take place between SCB and Union …show more content…

Team of SCS
SCS team include qualified professionals who design and structure solutions to financial problems according to Shariah principles on Islamic banking and finance.
AIMS OF SCS
SCS aims to make SCS recognised as the leading global provider of Islamic banking .Their global network already covers 50% of Muslim world. To respond to the desire of customer for Shariah complaint solutions that are fully different from conventional financial services ,SCS a wide provide Islamic solutions to its customers to meet their needs without compromising their beliefs and values.
Operating structure of SCS
The operating structure followed by standard chartered Pakistan is branches model in which they have separate branches for Islamic bank they have different branches in Pakistan which solely provide Islamic banking and finance services according to Shariah principles.
Branch code and branch name
Branch code Branch name
49 Gulistan e jinnah Islamic branch …show more content…

Type of Islamic banking offered by SCS
Islamic Personal Banking
SCS offer a range of personal banking products and service according to Shariah principles..
Saadiq accounts:
• Current accounts are designed to offer security through a simple bank account with the assurity that your funds will only be utilised by the Bank in shariah-compliant business.
• Savings accounts pay Shariah-compliant returns, allow to transact, provide additional benefits and gives the convenience of accessing funds at all times.
• Term accounts offer a short-medium term investment solution with the potential to earn competitive returns on savings and investment is according to Shariah .
Saadiq cards
Saadiq credit cards offer great value, global acceptance and at the same time Shariah-compliant.
Saadiq financing
From personal, auto, to home finance, SCS have a wide range of financing solutions. All financing products are designed according to Shariah requirements while providing the functions and benefits of conventional lending

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