Indonesian Islamic bank BSI to open an office in Dubai
JAKARTA–Indonesia’s state-owned Islamic bank, Bank Syariah Indonesia (BSI), is planning to open a representative office in Dubai next year, the bank’s corporate secretary Gunawan Arif Hartoyo told Salaam Gateway.
“Now we are in the final stages. We are waiting for a license from the Dubai Financial Service Authority (DFSA) and hopefully by the end of the year we will receive it,” Hartoyo said.
He added that the representative office is set to become a joint lead manager or underwriter in the upcoming issuance of global sukuk, including Indonesian sovereign sukuk and corporate sukuk from state-owned enterprises and private companies in Indonesia. The Dubai BSI business entity has identified three key business models in the future: global sukuk, remittance and trade finance.
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