BPKH Chief Reveals Multiple Foreign Investors Keen to Acquire Muamalat Stake
The Hajj Financial Management Agency (BPKH) has disclosed that it has received numerous letters of intent from investors seeking to acquire shareholdings in PT Bank Muamalat Indonesia Tbk (BMI). The BPKH Chief, Fadlul Imansyah, stated that the letters of intent originate from both domestic and foreign investors.
“Indeed, to date we have received many letters of intent from investors interested in our shareholding in Bank Muamalat. All are currently being processed, and of course with support from the Financial Services Authority (OJK), we hope that the strategic investor who becomes our partner is the best investor for Bank Muamalat,” Fadlul said during the 99 Islamic Economists Dialogue 2026 held at Menara Bank Mega Auditorium in Jakarta on Tuesday (24/2/2026), with the theme “Islamic Economy Mainstreaming as a New Pillar of National Economic Growth.”
Fadlul declined to disclose the identities of interested parties in Indonesia’s oldest Islamic bank. He confirmed that the investor search process is being directly monitored by the OJK.
The BPKH hopes the new investor can enter Bank Muamalat soon. Whilst Fadlul did not provide a specific target, he expressed hope that this could happen as quickly as possible, potentially by the end of this year if feasible.
“The target is certainly as soon as possible. Because we are racing against time to be able to compete and contend in Indonesia’s Islamic banking industry,” he stated.
On the same occasion, Fadlul reported that the return on hajj fund investments at BMI has returned to principal value, with total returns reaching nearly one trillion rupiahs by the end of last year. He noted that the BPKH’s equity ownership in Muamalat stands at approximately one trillion rupiahs. Therefore, the BPKH’s investment position in Indonesia’s oldest Islamic bank remains under control.
“As far as we have received information from Muamalat’s management as well, indeed the investment that we have made in total rupiah value has returned to our principal value. So hopefully it remains safe to date. The total equity we hold is one trillion rupiahs,” Fadlul stated.
He noted that the total return since becoming the controlling shareholder of BMI has nearly reached one trillion rupiahs. For context, Bank Muamalat has been under BPKH control since 15 November 2021.
Previously, OJK Banking Supervision Executive Head Dian Ediana Rae mentioned that Bank Muamalat is currently taking steps to strengthen its listing process, including exploring new investors.
“Many investors are currently interested and showing interest. We are also examining how the prospects look going forward alongside current developments,” Dian said when met at Wisma Danantara recently.
According to her, Bank Muamalat occupies a strategic position as Indonesia’s oldest Islamic bank, with a shareholder base supported by the Muslim community, which possesses high loyalty. This, she noted, serves as a key asset for the bank’s business development going forward.