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#Syariah

Every story tagged #Syariah on RetailNews Asia: reporting, analysis and market signals from across Asian retail and e-commerce.

2 stories in this topic

CIMB bank
Finance
2 min read

CIMB Niaga Syariah reports 165.5 percent rise in profit

CIMB Niaga Syariah, the sharia unit of PT Bank CIMB Niaga Tbk recorded a 165.5 percent increase in its net profit to Rp305.43 billion in 2016 from Rp115.03 billion in the previous year. Director of the sharia unit of CIMB Pandji P. Djajanegara attributed the…

BRI bank
Finance
1 min read

BRI Syariah plans to conduct IPO

PT Bank BRI Syariah, a sharia compliant subsidiary of state lender Bank Rakyat Indonesia, plans to conduct an initial public offering (IPO) of its shares in 2018 to boost alternative funding sources. “During the IPO we will float our shares worth Rp1 trillion…