BANKING news

Saudi Arabia is keen to become a founding member of the proposed new Islamic infrastructure bank championed by the IDB, Indonesia and Turkey, Reuters quoted Indonesia’s finance minister, Bambang Brodjonegoro, as saying. Turkey’s Bank Asya is set to be put up for sale tender on the 24th June by the Savings Deposit Insurance Fund. Qatar First Bank inked a deal with UK property advisor JLL on Shariah compliant real estate investment opportunities while Bahrain’s Al Baraka Banking Group pledged US$635 million toward UN Sustainable Development Goals.