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Indonesia cbank to ease approval of sharia products

Posted on 05 January 2011

From Reuters: Indonesia’s central bank is aiming to simplify the approval process for Islamic banking products to accelerate the development of the country’s Islamic finance industry, a central banker said on Tuesday.

Bank Indonesia, sharia board Majelis Ulama Indonesia and the Indonesian Accountants Association has established a working group whose job will be to review new Islamic banking products, said sharia director Mulya Siregar……………………………………Full Article: Source

 
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