Abu Dhabi’s largest Islamic bank in talks to buy $1.1 bln stake in Indonesian lender | Reuters News Agency

Abu Dhabi’s largest Islamic bank in talks to buy .1 bln stake in Indonesian lender | Reuters News Agency


Trade & Finance

Reuters exclusively reported that Abu Dhabi’s biggest Islamic attic is in talks to shop for a minority stake valued at round $1.1 billion in Indonesia’s govern Islamic lender, Deposit Syariah Indonesia, with an attempt to faucet right into a fast-growing marketplace for such services and products in Southeast Asia.

Marketplace Have an effect on

Southeast Asia, a pocket of eleven international locations with greater than part one billion population, is a fast-growing marketplace for Islamic banking services and products. Indonesia, the pocket’s largest financial system, has some of the international’s largest Muslim populations.

Article Tags

Subjects of Hobby: Trade & Finance

Kind: Reuters Absolute best

Sectors: Monetary Products and services

Areas: Asia

Nations: Indonesia

Win Varieties: Exclusivity

Tale Varieties: Unique / Scoop

Media Varieties: Textual content

Buyer Have an effect on: Important Nationwide Tale

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