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Islamic Finance Briefing - Categorized | Financial Instruments (Credit Cards, Debts, Loans, Mort more

Indonesia: Shariah loans up 40 pct on surging car sales

Posted on 26 January 2011

From Thejakartaglobe.com: Record car sales in Indonesia helped fuel 50 percent growth in Shariah-compliant banking assets last year and Islamic lenders are setting up booths at automobile shows to further develop the market.
Bank Muamalat Indonesia, the country‚Äôs oldest Shariah-compliant lender, said consumer loans jumped 40 percent in 2010 after taking part in exhibitions last year……………………………………….Full Article: Source

 
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