At least eight investors, including five foreign ones, have expressed their interest in purchasing 50 percent shares of Bank Muamalat, a major sharia bank in Indonesia.
Bank Indonesia deputy director for sharia banking Mulya Siregar said the interested investors included local-based Para Group, which belongs to business tycoon Chairul Tanjung; Saratoga Investama Sedaya, headed by noted businessman Sandiaga Uno; and the country's largest lender by assets, Bank Mandiri. (source)
The five foreign investors, meanwhile, comprise Standard Chartered Plc., Qatar Islamic bank SAQ, Oversea Chinese Banking, OCBC Overseas and ING Baring Bank.
Eighty percent of Bank Muamalat's shares are currently owned by three foreign investors: Atwill Holding Limited, Boubyan Bank of Kuwait and Islamic Development Bank. Only 20 percent of the shares are owned by local investors.
The central bank has said it does not want new investors to apply changes to Muamalat's sharia platforms.
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