Business & Finance
18 April 2024, 5:53 pm 1 minute
Reuters exclusively reported that Abu Dhabi’s largest Islamic bank is in talks to buy a minority stake valued at around $1.1 billion in Indonesia’s top Islamic lender, Bank Syariah Indonesia, with an aim to tap into a fast-growing market for such services in Southeast Asia.
Market Impact
Southeast Asia, a region of 11 countries with more than half a billion people, is a fast-growing market for Islamic banking services. Indonesia, the region’s biggest economy, has one of the world’s biggest Muslim populations.
Article Tags
Topics of Interest: Business & Finance
Type: Reuters Best
Sectors: Financial Services
Regions: Asia
Countries: Indonesia
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Significant National Story