Indonesian Islamic fintech Alami to complete acquisition of rural bank by Q1 2023
JAKARTA – Indonesian Islamic peer-to-peer lender PT Alami Fintek Sharia will complete its 50 billion rupiah ($3.5 million) acquisition of a rural bank within one to two years at the latest, its CEO Dima Djani told Salaam Gateway.
Alami announced in mid-March its intention to acquire PT BPRS Cempaka Al-Amin and rename it Bank Hijra.
The fintech is awaiting approval from the financial services authority (OJK) for the acquisition and renaming.
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