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


Business & Finance

Reuters exclusively reported that Abu Dhabi’s largest Islamic bank is in talks to buy a minority stake valued at around $1.1 billion in Indonesia’s top Islamic lender, Bank Syariah Indonesia, with an aim to tap into a fast-growing market for such services in Southeast Asia.

Market Impact

Southeast Asia, a region of 11 countries with more than half a billion people, is a fast-growing market for Islamic banking services. Indonesia, the region’s biggest economy, has one of the world’s biggest Muslim populations.

Article Tags

Topics of Interest: Business & Finance

Type: Reuters Best

Sectors: Financial Services

Regions: Asia

Countries: Indonesia

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Significant National Story

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