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Restructuring of Bank Muamalat should be done by state-owned banks

19 November 2019 16:47

JAKARTA. Islamic banking expert M. Syafii Antonio believes that the restructuring of PT Bank Muamalat Indonesia Tbk is better done by a consortium of state-owned banks (BUMN).

This was revealed by Syafii because he believed that state-owned banks have stronger capabilities in supporting Bank Muamalat's capital, which is estimated to reach Rp 16 trillion.

"Actually, Bank Himbara is better than other Islamic banks like Bank Syariah Mandiri or other sharia business units. It's too hard for Bank Syariah Mandiri, or BNI Syariah, to support Bank Muamalat," he said as quoted by CNBC Indonesia on Monday (18/11).

However, said Syafii, any restructuring options for Bank Muamalat should be decided by the Financial Services Authority (OJK). One of the decisions awaited was a rights issue with strategic investors from the Al Falah consortium formed by the Commissioner of Bank Muamalat Ilham Habibie. (AM/AR)

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