Al Rajhi Bank KSA, the largest Islamic bank in the world has recently been awarded its second banking license in Malaysia. The new license, an International Islamic Banking license issued under the Malaysia International Islamic Financial Centre (MIFC) was granted to Al Rajhi Bank KSA to operate as a branch office (ARIIB).
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Standard Chartered Saadiq voted ‘Best International Islamic Bank 2008’
Standard Chartered Saadiq, the Bank’s Islamic banking unit, has been named ‘Best International Islamic Bank’ for 2009 by Euromoney. A number of significant deals the Bank closed throughout 2008 including the first Sovereign Deal for the Government of Pakistan and a Project Finance Deal for Al Ma’aden Phosphate Company, contributed to the win.