Helping others is recommended and rewarded in Islam and even more so during times of need, Standard Chartered Saadiq's Shariah Supervisory Committee member Dr. Aznan Hasan said while explaining how aspects of faith such as Sadaqa can be an Islamic answer to the pandemic.
Dr Aznan, from Malaysia, was addressing the webinar "Understanding how Sadaqa can be an Islamic response to the pandemic," recently hosted by Standard Chartered Bangladesh.
Naser Ezaz Bijoy, CEO of Standard Chartered Bangladesh, said: "It is our privilege to introduce a new product in the Saadiq line: the 'Saadiq Sadaqa Account' which is a first in the market."
"Sadaqa aims to support various local charitable causes such as female well-being, education for underprivileged children, climate change and health care."
"Clients will be able to select the charity of their choice at the time of opening a deposit account with Standard Chartered. The profit earned from that account will go to the pre-assigned charity organisation in compliance with Shariah principles," Naser said.