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The Jakarta Post
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DKI Jakarta, Indonesia
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Put IPOs on hold, BI tells sharia banks

  • The Jakarta Post

Jakarta | Mon, September 10 2012 | 09:57 am

The plans of two of Indonesia’s largest Islamic-based banks, Bank Syariah Mandiri (BSM) and Bank Muamalat, to hold an initial public offerings (IPO) have been dampened by Bank Indonesia (BI), the country’s banking regulator, which has suggested that the banks bide time before floating their shares on the bourse.

BI director for sharia banking, Edy Setiadi, says that there are still prob...

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