Abu Dhabi’s largest Islamic financial institution in talks to purchase $1.1 bln stake in Indonesian lender
Enterprise & Finance
18 April 2024, 5:53 pm 1 minute
Reuters solely reported that Abu Dhabi’s largest Islamic financial institution is in talks to purchase a minority stake valued at round $1.1 billion in Indonesia’s high Islamic lender, Financial institution Syariah Indonesia, with an goal to faucet right into a fast-growing marketplace for such providers in Southeast Asia.
Market Affect
Southeast Asia, a area of 11 international locations with greater than half a billion folks, is a fast-growing marketplace for Islamic banking providers. Indonesia, the area’s greatest financial system, has one of many world’s greatest Muslim populations.
Article Tags
Subjects of Curiosity: Enterprise & Finance
Kind: Reuters Finest
Sectors: Monetary Providers
Areas: Asia
Nations: Indonesia
Win Sorts: Exclusivity
Story Sorts: Unique / Scoop
Media Sorts: Textual content
Buyer Affect: Important Nationwide Story
