Planned Merger of State-Owned Islamic Banks in Indonesia to Strengthen Islamic Banking and Finance Sector

Salinah Nordin, Chief Executive Officer of Syailendra Asia Group, stated that the impending merger of state-owned Islamic banks will have a significant impact on Indoensia’s Shariah-compliant financial sector, and is viewed as a positive step in strengthening synergies within the sector.

Salinah states that a crucial aspect of the proposed merger of the state-owned Islamic banks is the integration and implementation of new procedures in a way that guarantees customer service-quality and promotes principles of openness and transparency in the handling of customer funds.

Citing Dubai Islamic Bank (DIB) as an example, Salinah noted that DIB supports several non-Muslim clients, in...