14.02.2012 - Malaysia's Bank Islam in talks to buy Indonesia's Bank Muamalat
Bank Islam, the second largest sharia bank in Malaysia, is in early talks to buy a stake in PT Bank Muamalat Indonesia. Middle Eastern financial institutions such as Islamic Development Bank, Boubyan Bank Kuwait and a Saudi investment holding firm Sedco own 75 per muacent of Bank Muamalat and are looking to sell down their holdings. Indonesia’s central bank was keen to see an Islamic bank take up a stake in Bank Muamalat — the country’s oldest Islamic bank..............................................Full Article: Source
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