Monday, July 18, 2011

Share Sale Delayed Muamalat

JAKARTA - Sales of shares of the country's oldest Islamic bank, PT Bank Muamalat Indonesia, was postponed until an undetermined time. According to Director of Muamalat, Arviyan Arifin, have not found an agreement on prices is one reason.

He confessed to the bank with a performance like Muamalat, the bank is indeed quite high. ''So, the possibility of local investors do not have the funds for it,''he told Reuters when met at the sidelines of the Joint High Level Conference on Islamic Finance, on Monday (18 / 7).

In addition, he said the desire of investors, especially in the country to buy Muamalat also collided maximum limit rules Lending (LLL). Where the LLL should be 10 percent of the capital.

''If they have a capital of Rp 50 trillion, LLL it means around Rp 5 trillion. Well the price we were on top of this,''he explained.

Discussion of restrictions on foreign stocks and individuals who are being deliberated Bank Indonesia (BI) is also a reason in itself. He asserted that the sale of shares is a way of shareholders seeking strategic partners to develop Muamalat. ''But, that does not mean they did not commit,''he explained.

reference: republika[co][id]
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