Deutsche to offer Shari'a fund admin in Indonesia

The firm becomes the first custodian bank in Indonesia to offer approved Shari'a fund admin services.

Deutsche Bank has notched up a first in Indonesia becoming the only custodian bank to offer ShariÆa fund administration services. The announcement follows approval by IndonesiaÆs National ShariÆa Board NSB and comes at a time when ShariÆa funds are experiencing strong growth in Indonesia on the back of growing affluence, growing awareness and imminent issuance of ShariÆa bonds.

Unlike traditional mutual funds in Indonesia, ShariÆa-based fund administration services are governed by a different set of principles. The biggest different between...

To continue reading, please login or register for free

Print Edition

FinanceAsia Print Edition


  • Green Bonds Southeast Asia

    25 May 2017  |  Singapore
    With Green Bonds globally reaching USD200 billion outstanding in 2016, from as little as 30bn just 4 years ago, can SE Asia corporations and ...
  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...