Bank Mandiri will channel anotherf Rp 800 billion ($83 million) to its Shariah unit to expand its services. The total capital infusion to Bank Syariah Mandiri will reach ahead of its listing in the Indonesia Stock Exchange (IDX). Bank Syariah Mandiri is trying to meet the Rp 5 trillion requirement needed to provide a domestic trust service for Indonesian customers.
The bank plans to offer corporate customers Shariah-compliant investment and lending options, according to Sunarso, the bank’s director for commercial and business banking…………………………………….Full Article: Source