Islamic banking solutions in Saudi Arabia
Banking that stays true to your values
Innovative and Shariah-compliant Saadiq Islamic banking solutions for Corporates & Financial Institutions.
Leading the way in Islamic banking
Inspired by the Arabic word for ‘truthful’, Saadiq is our global Islamic banking network, spanning Asia, Africa, and the Middle East. With our dedicated Islamic banking team working alongside a renowned Global Shariah advisory committee of scholars we combine deep Shariah expertise with strong business acumen to meet the needs of our Financial Institutions and Corporate clients.
Islamic Finance insights
Stay informed with expert perspectives and insights into the growth and potential of Islamic finance.
- 30+ markets with Islamic banking capabilities across the Bank’s network.
- 14+ markets with Saadiq onshore capabilities.
- #1 in International Sukuk league tables for last 10 years 2015 – Nov 2025.
Our Shariah supervisory committee and advisors
To ensure that Standard Chartered Saadiq products comply with the principles of Shariah, we have an independent committee comprising three of the world’s most renowned Shariah scholars. We develop all our Islamic banking products with guidance from these independent experts, securing their approval before we offer the products to our customers.
Sheikh Nizam Yaquby
Sheikh Nizam Yaquby was educated in the classical Shariah sciences in his native Bahrain and in Makkah. He received his Bachelors in Economics and Comparative Religion from McGill University, Montreal, Canada. Since 1976 Sheikh Yaquby has taught Tafsir, Hadith and Fiqh in Bahrain. He is a Shariah Advisor to several international and local financial institutions worldwide. He is also the author of several articles and publications on Islamic Finance.
Dr Aznan Hasan
Dr Aznan Hasan holds a PhD in Islamic Law from the University of Wales, Lampeter United Kingdom. He received his degree in Shariah from the University of Al Azhar and a Masters degree in Shariah from Darul Ulum Cairo University He is an Associate Professor in Shariah at the Institute of Islamic banking and Finance, International Islamic University.
Dr Mohamed Ali Elgari
Dr Mohamed Ali Elgari holds a PhD in Economics from the University of California. He is also a Professor of Islamic Economics and the Director of the Centre for Research in Islamic Economics at King Abdul Aziz University in Saudi Arabia Dr Elgari is also an expert at the Islamic Jurisprudence Academy (Jeddah) and has published several articles and books on Islamic Finance. He is a Shariah advisor to several international and local financial institutions worldwide.
Our Saadiq services
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