Islamic infrastructure bank still on cards, Jakarta ’more logical’ HQ than Istanbul: Indonesia fin min official
NUSA DUA, BALI –Indonesia should be the headquarters of the new Islamic infrastructure bank due to its proximity to a substantial Muslim population in Asia, Isa Rachmatarwata, the ministry of finance’s Assistant Minister for Financial Sector Policy told Salaam Gateway.
According to him, a technical working team from Indonesia, Turkey and the Islamic Development Bank (IDB) met last month in Jeddah to discuss the establishment of the bank. Discussions have moved to concerns over the types of financing schemes the bank will offer.
IDB president Bandar Hajjar confirmed that discussions are ongoing for the establishment of the bank. "The technical working team is still discussing the feasibility of establishing the bank soon, in sha Allah," said Hajjar.
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