The IDB Group provides facilities including purchase and leaseback as well as commodity murabaha to PT Delta Merlin Sandang Textile, a subsidiary of the Duniatex Group, one of the largest integrated textile producers in Indonesia. The Duniatex is made-up of a group of companies each contributing to a particular segment of the textile supply chain, starting from the upstream process of yarn spinning to the downstream process of weaving, dyeing and finishing of fabric. The Group employs a total number of 30,000 people.
The US$60 million trade financing operation for the Indonesian raw sugar refiner offers an alternative Shariah-compliant financing solution, as it is designed on structured Murabaha basis with strong risk mitigants in place.
The principal development objective of the project is to support the higher education strategy of the GOI (2015 – 2019), which aims at improving national competitiveness through innovation in Higher Education (HE).
The project aims to support the Educational Sector Strategy of the Government of Indonesia to develop the national competitiveness through the increasing the intellectual and welfare level of the community. It will specifically improve the quality of the Padjadjaran University (Unpad) graduates by improving the facilities for supporting three kinds of services namely; education, research and community service activities.