Dubai Islamic Bank raises stake to 40% in Indonesia’s Bank Panin Syariah  

Dubai Islamic Bank raises stake to 40% in Indonesia’s Bank Panin Syariah   

Management of Bank Panin Syariah. Visual from the company.

Dubai Islamic Bank PJSC (DIB) has received formal approval from the Financial Services Authority, Indonesia (OJK) to increase its shareholding in PT Bank Panin Syariah, a listed syariah commercial bank, to 40 per cent, the company said in a press statement.

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