From Bloomberg: Islamic loans targeting Indonesian small businesses have grown to dominate Shariah-compliant credit in the world’s most-populous Muslim nation, prompting the country’s biggest banks to expand.
PT Bank Syariah Mandiri is adding branches in Java and Sumatra to offer so-called microfinance loans because more than 90 percent of Indonesia’s 50 million small businessmen have no access to regular bank financing, said Andri Vendredi, the head of the division at the Jakarta-based arm of the nation’s largest lender……………………………………….Full Article: Source