Standard Chartered launches UAE's first sustainable escrow and account bank solution
The UAE launch marks a significant step in expanding the Bank's sustainable transaction banking capabilities, in line with growing client demand for innovative, impact-driven financial solutions. The offering is now available across the UAE, including through the Dubai International Financial Centre (DIFC), as well as in the UK.
Sandrine Jourdainne, Global Head, Deposits, Liquidity and Escrow Solutions, Standard Chartered, said: 'The UAE has firmly positioned itself as a leader in sustainability, with a strong commitment to advancing the transition to a low-carbon economy. As one of the country's most established international banks, we are proud to support this vision by delivering solutions that help clients embed sustainability into their core financial activities.'
She added: 'Our new Sustainable Escrow and Account Bank solution provides a transparent, credible way for clients to align their liquidity with sustainable outcomes. It's a practical example of how we are contributing to the country's sustainability agenda while supporting businesses in achieving their long-term objectives.'
As an independent Escrow Agent and/or Account Bank, Standard Chartered holds deposits and ensures alignment with its sustainability-linked product suite. Funds are earmarked against verified projects and initiatives that meet globally recognised environmental and social criteria, giving clients greater transparency, accountability, and alignment with their ESG ambitions.
The new offering further expands Standard Chartered's leadership in sustainable transaction banking, which already includes ESG-linked cash account, sustainable account, sustainable trade finance, and sustainable trade loan for financial institutions.
This launch reinforces the Bank's commitment to supporting the UAE's sustainability agenda and enabling clients to transition towards a low-carbon economy through practical, scalable tools.
For more information, visit the Bank's sustainability webpage: https://www.sc.com/en/about/sustainability/
-Ends-
For further information please contact:
Khaled Abdulla, CFA®
Director, Head of Communications
Corporate Affairs, Brand & Marketing
United Arab Emirates
About Standard Chartered
We are a leading international banking group, with a presence in 53 of the world's most dynamic markets. Our purpose is to drive commerce and prosperity through our unique diversity, and our heritage and values are expressed in our brand promise, here for good.
Standard Chartered PLC is listed on the London and Hong Kong stock exchanges.
For more stories and expert opinions please visit Insights at sc.com. Follow Standard Chartered on X, LinkedIn, Instagram and Facebook.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Khaleej Times
2 hours ago
- Khaleej Times
NRIs in UAE: How to file Income Tax Return online, complete step-by-step guide
Do you live in the UAE and earn income in India? Here's some good news, the deadline for filing your Income Tax Return (ITR) has been extended to September 15, 2025. The extension aims to give taxpayers more time to ensure accurate filing and full compliance with tax regulations. Non-Resident Indians most commonly file for ITR-2, of all the types. Below is a step-by-step guide on how you can file your ITR online. This process begins after you've completed the pre-filing stage, where you're required to enter all relevant income and tax-related information. 1. Log in to the e-Filing portal Visit the official e-Filing portal and log in using your PAN (as User ID), password, and captcha code. 2. Begin the Filing Process Once logged in, go to your dashboard and navigate to: e-File > Income Tax Returns > File Income Tax Return If your PAN is not linked with Aadhaar, a warning message will pop up indicating that your PAN is inoperative. You can either click 'Link Now' to link it immediately or proceed (not recommended). 3. Choose the assessment year Select Assessment Year 2024–25 and click 'Continue'. 4. Select mode of filing Choose 'Online' as your preferred mode and proceed. If you've started a return previously, you'll see the option to 'Resume Filing'. To discard the existing draft and begin anew, click 'Start New Filing'. 5. Specify your filing status Choose the category that applies to you: Individual, HUF, or Others. Click 'Continue'. 6. Select the appropriate ITR form You have two options: Help me decide: Let the system guide you based on your responses to simple questions. I know which ITR form I need: If you're sure, select the correct form from the dropdown and proceed. If you're unsure about which ITR form, schedules, or deductions apply to you, the guided option is the safer choice. 7. Review required documents Before proceeding, you'll see a checklist of documents needed. Click 'Let's Get Started' to continue. 8. Review and edit pre-filled data Your personal details and other information may already be pre-filled from previous records. Review this carefully, make any necessary changes, and complete the additional fields. Click 'Confirm' after each section. 9. Enter income and deduction details Provide your income details from salary, interest, business/profession, etc., and claim applicable deductions under various sections (e.g., 80C, 80D). After completing all sections, click 'Proceed'. 10. Tax Summary and Payment If tax is payable You will see a summary of your tax computation. You can either: Pay now Pay later: But this may attract interest or penalty and flag you as a defaulter. If no tax is payable or a refund is due If there is no tax liability or if you're eligible for a refund, click 'Preview Return' to proceed. 11. Make payment (if applicable) If you chose to 'Pay Now', a message will appear confirming redirection to the 'e-Pay Tax Service'. Click 'Continue', complete the payment, and return to the filing portal. 12. Return to filing dashboard After successful payment, click 'Return to Filing' to resume the ITR submission process. 13. Preview your return Click 'Preview Return' and review the full summary of your inputs. 14. Make declaration Enter your place of residence, tick the Declaration checkbox, and click Proceed to Preview. If you haven't used a Tax Return Preparer (TRP), leave those fields blank. 15. Final review and validation Go through your return one last time and click 'Proceed to Validation'. 16. Error check If errors are detected, you'll need to correct them before submission. If there are no errors, proceed to verification. 17. Verify your return On the 'Complete Your Verification' page, choose your preferred verification method and click 'Continue'. - e-Verification is the easiest, safest, and fastest method. If your PAN is still inoperative, you'll see a reminder to link it with Aadhaar. - If you choose 'e-Verify Later', ensure the return is verified within 30 days of filing, or it will be treated as invalid. 18. Complete e-Verification You can e-Verify using options such as: All done! Once verification is complete:
UAE Moments
2 hours ago
- UAE Moments
Sheikh Mohammed Rides Etihad Rail from Dubai to Fujairah
Sharing moments from his trip on X (formerly Twitter), Sheikh Mohammed called the national rail project a 'source of pride,' spotlighting its role in connecting 11 cities across the country, from Al Sila in the west to Fujairah in the east, with trains that can zoom up to 200 km/h. 'Proud of our national projects... proud of the Etihad Trains team led by Theyab bin Mohammed bin Zayed... and proud of a country that never stops working, but adds a new brick every day to its future infrastructure,' he wrote. 🎥 Want to see what the ride looks like? Check out the video shared by Dubai Media Office. محمد بن راشد : خلال رحلة من دبي للفجيرة بقطار الاتحاد للركاب .. القطار سيربط بين 11 مدينة ومنطقة في الدولة من السلع للفجيرة .. بسرعة 200 كم/ساعة . وسيسهم بنقل 36 مليون مسافر بحلول 2030 .. وسيبدأ تشغيله العام القادم باذن الله . فخور بمشاريعنا الوطنية .. وفخور بفريق عمل قطارات… — Dubai Media Office (@DXBMediaOffice) August 2, 2025 The Etihad Rail passenger service is expected to officially launch in 2026 and aims to carry 36 million passengers every year by 2030. During the ride, Sheikh Mohammed got an inside look at the progress and engineering behind the project. 'Theyab bin Mohamed bin Zayed Al Nahyan, Chairman of Etihad Rail, noted: '(Sheikh Mohammed) has been integral to our journey, witnessing the evolution of our network through its various phases: from the announcement of the 'Projects of the 50' in 2021 to the inauguration of the complete national railway network and the commencement of freight train operations in 2023.' So, what cities will the Etihad Rail connect? Get ready for smoother, faster travel between: Abu Dhabi Dubai Sharjah Ras Al Khaimah Fujairah Al Ain Ruwais Al Mirfa Al Dhaid Ghuweifat (bordering Saudi Arabia) Sohar, Oman (via the Hafeet Rail extension) Where will the stations be? Confirmed stations include: Sakamkam, Fujairah University City, Sharjah Possible upcoming stops are being considered near: Jumeirah Golf Estates Metro Station, Dubai
Arabian Business
4 hours ago
- Arabian Business
Abu Dhabi's IHC to invest $500mn in reinsurance premiums with RIQ
RIQ, the AI-native reinsurance platform launched earlier this year by IHC, in partnership with BlackRock and Lunate, has entered into a preferred reinsurance partnership with IHC, anchored by a targeted allocation of over US$500 million in risk coverage within the coming decade. The partnership represents IHC's commitment to pioneering intelligent capital deployment and transformative risk transfer solutions. By leveraging RIQ's AI-powered infrastructure, IHC aims to enhance the resilience and operational agility of its group companies. The collaboration also aligns with Abu Dhabi's ambition to lead globally in structured reinsurance and financial innovation. 'A strategic investment' Syed Basar Shueb, CEO of IHC, called it 'a strategic investment in the future of resilient infrastructure and industrial agility'. 'This partnership reflects IHC's conviction in the transformative power of intelligent capital and data-driven risk transfer. By aligning with RIQ, we are catalysing the next chapter of Abu Dhabi's evolution as a global center for reinsurance innovation. This is not just a financial commitment, it is a strategic investment in the future of resilient infrastructure and industrial agility,' Shueb said. Headquartered in Abu Dhabi Global Market (ADGM), RIQ will offer a full suite of reinsurance solutions, working closely with IHC and its portfolio companies to structure capital-efficient coverage across complex Specialty and Property and Casualty (P&C) risk classes. Leveraging advanced data modelling and AI-augmented underwriting, the platform is purpose-built to meet the demands of a rapidly evolving risk environment. Seeking regulatory approvals The company is currently in the process of getting regulatory approvals with the Financial Services Regulatory Authority (FSRA) of ADGM, as it moves toward formal authorisation as a reinsurer. Final preparations are also underway for the execution of the reinsurance transaction between IHC and RIQ, which remains subject to regulatory clearance. This transaction will mark a foundational step in RIQ's operational rollout. Mark Wilson, CEO of RIQ, added: 'We are proud to collaborate with IHC in this milestone partnership. RIQ's platform is engineered to deliver intelligent risk solutions at pace, fusing advanced analytics, underwriting discipline, and strategic capital. This announcement marks a defining step in our mission to reshape global reinsurance from Abu Dhabi outward.' RIQ has promised more updates in the coming months, as it executes on its global buy-and-build strategy. With over US$1 billion in equity commitments from IHC and strategic partners BlackRock and Lunate, RIQ aims to ultimately write US$10 billion per year.
