Standard Chartered Relaunches Islamic Online Treasury Solution Under Saadiq
The Shariah-compliant version of Standard Chartered Bank’s Online Treasury (OLT) proprietary foreign exchange trading and hedging platform has been re-launched under the bank’s global brand for Islamic products – Standard Chartered Saadiq. OLT is integrated into the bank’s Straight2Bank platform. The online FX service delivers automated prices from Standard Chartered Bank’s trading floors straight to any desktop. It leverages the bank’s comprehensive coverage of the global FX markets supporting spot, forward and swap pricing in over 100 currencies, 24 hours a day. Standard Chartered online services in Islamic FX utilise the Wa’ad structure to allow Islamic companies and institutions to hedge forward FX exposures under a Shariah-compliant structure.