Standard Bank Facilitates Landmark Deal In The Consumer Packaged Goods Sector
Standard Bank Facilitates Landmark Deal In The Consumer Packaged Goods Sector. Standard Bank is proud to announce that it has facilitated a first Shari’ah-compliant term facility of its kind to support a key client in the consumer sector with a recent acquisition.
Standard Bank has worked with this client over a sustained period to deliver solutions that has enabled the client to deliver on its growth ambitions – solutions which ranges across transaction banking, funding solutions and corporate activities as part of its client value proposition embedded in our client service model within CIB. The company’s team is committed to continuing to research and develop other Shari’ah-compliant offerings to provide structured solutions to clients based on principles that ascribe to their religious beliefs and values.
The client recently communicated their strong preference for Shari’ah-compliant funding solutions that activated a collaborative effort to deliver this unique offering. Until recently, a Shari’ah compliant term facility was practically impossible to obtain or fraught with administrative friction, which meant they would have to go without conventional bank funding, limiting their growth in the process. The bank is proud to have been involved in this landmark transaction to provide the client with an opportunity to strive closer to their objective that everything they do in their business is Shari’ah compliant while furthering their growth ambitions.
Standard Bank’s team is committed to continuing to research and develop other Shari’ah-compliant offerings to provide structured solutions to clients based on principles that ascribe to their religious beliefs and values.
