Transparent Transaction

Bank Muamalat has long had problems with bad loans. Primordial sentiment is part of the reason.

October 16, 2017

It is no secret that Bank Muamalat has been hit by a number of troubles. Since its establishment, Indonesias first sharia bank has ignored the principles of good corporate governance, and has operated without proper oversight.

This poor oversight was the result of the large number of shareholders in the bank’s early days. This meant there was no majority shareholder to ensure the business was properly run. Practical management was under the co

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