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The Jakarta Post
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ICD to extend $157m of loans in 2012

  • The Jakarta Post

Jakarta | Tue, November 15 2011 | 08:00 am

The Dubai-based Islamic Corporation for the Development of the Private Sector (ICD) says it will distribute US$157 million in sharia loans in 2012, comprising $17 million for three banks and $140 million for military uniform maker PT Sritex.

Director for the ICD’s financial institutions development department, Basel A. Al-Hag Issa, said ICD was still in discussions with some banks, but ha...

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