I think is a great...(taken from Jakarta Post)
Pt. Bank Muamalat Indonesia, which has Rp. 12,67 Triliun in assets, opened its first financial center in Kuala Lumpur on March 5, responding to the rising demand for sharia products in that country.
Mr.Riawan the president director of Bank Muamalat Indonesia, explained that malaysia was chosen due to its sound macroeconomics fundamentals, political stability, transfarant judicial framework and high standard of financial regulations
Mr.Riawan the president director of Bank Muamalat Indonesia, explained that malaysia was chosen due to its sound macroeconomics fundamentals, political stability, transfarant judicial framework and high standard of financial regulations
and with the opening of both Bank Muamalat and first Islamic Investment Bank as the subsidiary in Malaysia, its targets to attract US 100$ million worth of investment from middle east and malaysian investor
Posting Higher than forecasted profits of Rp. 300 million in 2008, the introduction of the bank new branches in malaysia, with an initial investments of 25 million ringgit Malaysia, is the Bank's initial move to establish a presence across the globe
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