JAKARTA: Islamic Development Bank (IDB) plans to sell its stock
ownership in PT Bank Muamalat Indonesia Tbk to raise some proceeds to
fund its business expansion in other countries, said Said Taufik Ridha,
Structured Finance Officer Public Private Partnership Division at IDB
“Overall, IDB’s fund is limited. Our mandate is to help develop sharia banks in 56 member countries. As one grows, it would be better if we invest the fund in other sharia banks in other countries, concerning our mandate,” he said last week. (source)
“Overall, IDB’s fund is limited. Our mandate is to help develop sharia banks in 56 member countries. As one grows, it would be better if we invest the fund in other sharia banks in other countries, concerning our mandate,” he said last week. (source)
