Dubai Chambers partners with PT Bank Syariah Indonesia to foster information sharing and banking expansion

Dubai Chambers has signed a Memorandum of Understanding (MoU) with PT Bank Shariah Indonesiathe largest Sharia bank in Indonesia, to enhance cooperation in the field of information sharing and help the bank expand to reach a wider range of banking customers.

The agreement was signed during the second day of the Dubai Business Forum, stayed at Madinat Jumeirah in Dubai since November 1-2.

Under the terms of the MoU, the two sides will exchange financial knowledge and information in key areas, contribute to the development of the financial and institutional environment in both markets and enhance cooperation to achieve their shared objectives.

PT Bank Shariah Indonesia has established an office in Dubai as part of its expansion plans into international markets, with Dubai Chambers playing a key role in helping him obtain the necessary license at the Dubai International Financial Center (DIFC).

Mohammad Ali Rashed Lootah, Chairman and CEO of Dubai Chambers, commented,

“Our cooperation with Indonesia’s largest Islamic bank reflects the chambers’ continued commitment to supporting businesses of all types and sizes in their expansion in the Dubai market and enabling them to reap the benefits of the emirate’s favorable business ecosystem.”

The agreement was signed as part of The offer center a dedicated impact-driven platform for global business leaders and investors to forge and announce major business initiatives, partnerships, investments and business alliances during the Dubai Business Forum. The Deals Hub, an innovative initiative that reflects Dubai Chambers’ commitment to driving the growth of international trade and investment, further cements Dubai’s position as a leading global city for doing business.

Organized under the sponsorship of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, The Dubai Business Forum brings together key government and private sector stakeholders from around the world to explore strategic economic partnerships, develop international networks and open new horizons for business, trade and investment.

News source: Emirates News Agency