Bahraini Islamic lender Al Baraka to buy Indonesian bank in 2011

Bahraini Islamic lender Al Baraka plans to buy an Indonesian bank this year for around $100mn and has identified up to four possible options, its chief executive said yesterday. “We sent in early February a delegation...to follow up on our expansion plans in Indonesia. I think the Indonesian market is a good market,” Adnan Yousif told Reuters. “We want to buy a bank. We have looked into several