CIMB Niaga Syariah is slated to operate as a standalone business from May 2026, the people said. A potential IPO would likely come only after it builds a track record as a separate entity, including audited financials, one of them added. CIMB Niaga declined to comment, saying it is focused on strengthening core businesses and supporting inclusive growth across Indonesia. A listing would position CIMB Niaga Syariah as one of the country's few publicly traded pure shariah lenders, potentially drawing strong domestic institutional demand as the halal economy expands. CIMB Niaga, Indonesia's second-largest private lender, has been growing its shariah business.

Source: The Edge Markets January 28, 2026 07:55 UTC