Standard Chartered Bank
The case study of Standard chartered: Islamic ethics and social responsibility.
Abstract
This paper is a case study on Ethisc and Social responsibility as adobpted by Standard Chartered Saadiq, paper briefs Islamic concept of ethics and social responsibilities and brief comparison with conventional ethics and social responsibility concept. Paper highlights on business performance by Standard Chartered Saadiq, products offered to customers, Shariah compliance policy and social reposnibility of Saadiq. Paper concludes with some suggestion to improve governance and enhance Islamic values
Introduction
About Standard Chartered Siddiq
Overview
Standard Chartered Bank was formed in 1969 through the merger of two separate banks, the Standard Bank of British South Africa and the Chartered Bank of India, Australia and China.
Part of the Standard Chartered Group, Standard Chartered's presence in Malaysia dates back to 1875, when its first branch opened for business at Downing Street, Penang.
The bank was locally incorporated as Standard Chartered Bank Malaysia Berhad on 29 February 1984. Banks local board of directors is chaired by Tan Sri Dato' Mohd Sheriff Mohd Kassim. As Malaysia's first bank with over 130 years of history, Standard Chartered employs more than 5,000 employees within its Malaysian operation, which covers more than 30 branches across the country, a global shared service centre, a wholly-owned subsidiary in Price Solutions, an offshore facility in Labuan and a head office located at Menara Standard Chartered, Jalan Sultan Ismail, Kuala Lumpur.
Standard Chartered Saadiq Berhad, the bank's Islamic Banking subsidiary was established in November 2008, and offers a comprehensive range of Shariah-compliant products and services to individuals and corporates through its first Saadiq financial centre located in Taman Tun Dr Ismail, Kuala Lumpur.
Standard Charterd was the first international bank to set up an Islamic banking arm (1993) and the first to
Abstract
This paper is a case study on Ethisc and Social responsibility as adobpted by Standard Chartered Saadiq, paper briefs Islamic concept of ethics and social responsibilities and brief comparison with conventional ethics and social responsibility concept. Paper highlights on business performance by Standard Chartered Saadiq, products offered to customers, Shariah compliance policy and social reposnibility of Saadiq. Paper concludes with some suggestion to improve governance and enhance Islamic values
Introduction
About Standard Chartered Siddiq
Overview
Standard Chartered Bank was formed in 1969 through the merger of two separate banks, the Standard Bank of British South Africa and the Chartered Bank of India, Australia and China.
Part of the Standard Chartered Group, Standard Chartered's presence in Malaysia dates back to 1875, when its first branch opened for business at Downing Street, Penang.
The bank was locally incorporated as Standard Chartered Bank Malaysia Berhad on 29 February 1984. Banks local board of directors is chaired by Tan Sri Dato' Mohd Sheriff Mohd Kassim. As Malaysia's first bank with over 130 years of history, Standard Chartered employs more than 5,000 employees within its Malaysian operation, which covers more than 30 branches across the country, a global shared service centre, a wholly-owned subsidiary in Price Solutions, an offshore facility in Labuan and a head office located at Menara Standard Chartered, Jalan Sultan Ismail, Kuala Lumpur.
Standard Chartered Saadiq Berhad, the bank's Islamic Banking subsidiary was established in November 2008, and offers a comprehensive range of Shariah-compliant products and services to individuals and corporates through its first Saadiq financial centre located in Taman Tun Dr Ismail, Kuala Lumpur.
Standard Charterd was the first international bank to set up an Islamic banking arm (1993) and the first to