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Standard Chartered Launches New Shariah Compliant Credit Card In UAE

Standard Chartered Bank has launched a new Shariah compliant credit card Saadiq Platinum MasterCard credit card in association with with MasterCard in UAE.

Syed Hammad Haider, GM of retail products and head of national sales at Standard Chartered Consumer Bank UAE, said: “As we move towards a clear strategy of customer focus, we are investing heavily in developing products and services that are specifically tailored to our customers’ needs rather than adopting a one-size-fits-all approach.

“The launch of the Saadiq Platinum credit card confirms that we value and respect our customers’ and their beliefs and will continue investing in areas which research highlights will be well received.”

Sumit Mittal, vice president and regional account lead – Standard Chartered Bank, MasterCard, said: “We are very pleased to collaborate with Standard Chartered Bank to launch Standard Chartered Saadiq Platinum MasterCard credit card. MasterCard recognises the importance of creating a local customised offering like Shariah-compliant premium credit cards.

“MasterCard looks forward to working closely with the bank to develop innovative, flexible payment programmes that provide exciting customer rewards, deliver real value, and meet the evolving lifestyle needs of MasterCard cardholders.”