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Islamic Finance Briefing - Categorized | Banking, Performance more

Indonesia: Central bank forecasts Islamic bank assets to jump by up to 55pct this year

Posted on 14 February 2011

From Thejakartaglobe.com: The assets of the nation’s Islamic banks are expected to grow by half this year as people in the world’s largest Muslim-majority state increasingly turn to the sector for their financial needs, according to a report by the central bank released over the weekend.
“If Indonesia’s economy grows at a decent pace, the assets of Islamic banks will increase by 55 percent,’’ said Mulya Siregar, director of Shariah finance at Bank Indonesia……………………………………….Full Article: Source

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