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Islamic banking burgeoning in Indonesia

Posted on 21 February 2011

From Presstv.ir: At least 33 banks, 46 insurance companies and 17 mutual funds based on Islamic finance principles exist in Indonesia, now Southeast Asia’s economic giant and home to the largest Moslem population in the world.
It is only in Indonesia that Sharia banking assets are growing at the rates never seen before, reaching 47 percent to US11.14 billion dollars in 2010……………………………………….Full Article: Source

 
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Laxman - who has written 19160 posts on Opalesque Islamic Finance Briefing.


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