Standard Chartered Bank has developed an Islamic version of its online banking platform, Straight2Bank, offering services to clients in countries including parts of Asia. 

The enhanced platform provides a secure online portal that is compliant with Shariah laws. Features include branchless access to cash management, trade, securities services and reporting. The platform will be available to customers in the United Arab Emirates, Bangladesh, Bahrain, Pakistan and Malaysia.

Earlier this year, Standard Chartered launched a range of Islamic financial services including fiduciary deposits, property financing, equities and discretionary services, mutual funds and Islamic bonds.

The business of Shariah finance continues to develop in Asia and other parts of the world. For example, in September, BNP Paribas Malaysia Berhad and INCEIF, The Global University of Islamic Finance, rolled out a joint centre for wealth management to tap perceived rising demand in the Asian country.