Indonesia’s Modern Halal Valley industrial estate hopes for business uptake after partnering with four Islamic banks
JAKARTA – The developer of Indonesia’s Modern Halal Valley (MHV) has partnered with four Islamic banks in a bid to attract companies to set up shop in the integrated halal industrial cluster.
Modern Industrial Estate (MIE), a unit of local property developer Modernland Realty, has brought in Bank Mandiri Syariah, BRI Syariah, BNI Syariah and Bank Muamalat Indonesia to provide tenants of the halal park with financing facilities they may require, Pascall Wilson, MIE’s President Director told Salaam Gateway.
This is in line with the integrated approach of the National Islamic Finance Committee (KNKS)—the coordinating body for the implementation of the Shariah Economy Masterplan—that told Salaam Gateway earlier this month it wants to attract Islamic financing to halal industrial estates.
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