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Islamic Finance Briefing - Categorized | Banking, Funds more

Indonesia not utilizing IDB fund efficiently

Posted on 17 November 2011

Despite its large shares, Indonesia’s absorption of the Islamic Development Bank (IDB) loan remains low. Former IDB executive-director to Indonesia, Karnaen A. Perwataatmadja, said the absorption of IDB funding by the Indonesian private sector was lower than other members.
“In other countries, the benefit was higher than the fee,” he said in a seminar titled Indonesian Private Sector Funding Access from IDB Group Fund Resource in Jakarta……………………………………..Full Article: Source

 
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