Standard Chartered UAE has launched a Shariah Compliant Home Finance Solution under Standard Chartered Saadiq, the Bank’s Islamic banking brand.
The move strengthens the line of Islamic products currently offered across the world. The new Saadiq Home Finance Solution provides potential as well as existing homeowners with a wider variety of choice on property purchases.
Key benefits of Saadiq Home Finance include flexible finance amounts of up to Dhs10 million up to 75% finance to the property’s market value, flexible tenors of up to 25 years, and quick finance approvals.
Islamic banking is of prime importance to Standard Chartered as the industry continues to grow on the backdrop of increasing demand for Shariah-compliant financial products, says Afaq Khan, CEO, Standard Chartered Saadiq. Our product strategy has always been a truly customer centric approach with the aim of setting benchmarks in Islamic Banking.
Being able to offer our customers a financial product that is compatible with their faith is a key requirement across our network, says Chris de Bruin, head of Consumer Banking, Standard Chartered UAE. In addition to offering finance for ready built properties, existing homeowners are also able to refinance their existing home at extremely competitive prices.
L.D.