Standard Chartered Saadiq has been named Euromoney’s best sukuk house for 2024, despite a decrease in global sukuk issuance. Led by Chief Executive Khurram Hilal, the bank facilitated 35 transactions totaling $4.8 billion. These transactions involved a variety of issuers, including sovereigns, public-sector institutions, banks, and corporates from different sectors and regions.
One of the key strengths of Standard Chartered Saadiq is its expansive Islamic banking network that spans across Asia, Africa, and the Middle East. This network allows the bank to provide comprehensive and innovative sukuk services to a wide range of clients in different regions. Notable deals included the debut sukuk for the Philippines and Saudi Arabia’s Public Investment Fund, as well as green sukuk debuts and significant transactions for various companies like Al Rajhi Bank, Almarai, DP World, and Abu Dhabi Islamic Bank.