Islamic syndicated financing for West Java International Airport development
Seven Indonesian Islamic regional banks have approved financing via syndication for the development of West Java International Airport in Kertajati, Indonesia. The beneficiary of this syndicated financing is the West Java Regional Government (Pemprov Jabar) majority-owned company, Bandara Internasional Jawa Barat (BIJB). BIJB was set up by Pemprov Jabar in November 2014 to specifically undertake part of the development of Kertajati.
By Farouk Abdullah Alwyni