Indonesian bank to offer public shares in its Islamic finance arm
BRISyariah looking for ways to cope with fast-growing deposits from customers saving up for pilgrimages
Add BT as a preferred sourceJakarta
ONE of Indonesia's largest banks said it would sell shares to the public this month in its Islamic finance division - in part because it would help the lender cope with fast accumulating piles of money from customers eager to save for pilgrimages.
BRISyariah, a subsidy of state owned Bank Rakyat Indonesia (BRI), says its customers are ploughing an estimated 2 trillion rupiah (S$184 million) into savings accounts earmarked forhajj pilgrimages to Mecca.
TRENDING NOW
MedPark’s assistant CEO runs a hospital where patients, physicians precede profits
E-commerce is killing ‘real’ commerce, says China’s beverage king Zhong Shanshan
Laos-China Railway picks up steam, but S-E Asian country struggles to capture gains
NDR 2026: Singapore to create new Western island to support 'new generation of industries'
