Islamic banks in Malaysia and Indonesia are opening new branches in rural areas as they target the newly rich in Southeast Asia’s largest Muslim nations. HSBC Amanah Malaysia added 22 outlets in the last three years, bringing the total to 26 across the country, chief executive officer Rafe Haneef said in an interview on Wednesday.
BRI Syariah, a unit of Bank Rakyat Indonesia, will set up 94 branches in 2013 to meet demand in smaller cities such as those on the islands of Java and Sumatra, according to Lukita Tri Prakasa, the bank’s corporate secretary………………………………………..Full Article: Source