PT BANK MUAMALAT TO ATTRACT US$100 MLN IN INVESTMENT FINANCING

KUALA LUMPUR, March 5 (Bernama) -- PT Bank Muamalat, which launched its
inaugural financial centre in Malaysia, aims to attract investment financing
worth US$100 million from the Middle East and Malaysia.

It also opened its subsidiary - First Islamic Investment here Thursday.

The President and director of PT Bank Muamalat Indonesia, A.Riawan Amin
said that Islamic finance profits have declined by 20 percent amid the global
economic downturn.

However, he said prospects remained positive.

PT Bank Muamalat has assets worth RM3.91 billion (US$1.05 billion) in
Indonesia.
-- BERNAMA