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Islamic Finance Briefing - Categorized | Banking, Emerging Trends, Islamic Law / Economics more

Islamic banking: Why so slow?

Posted on 05 March 2009

From Thejakartapost.com: The Fifth World Islamic Economic Forum (WIEF) opened on Monday in Jakarta. The global Islamic financing industry has over US$1 trillion in assets. But Indonesian Islamic finance accounts for less than 3 percent of banking assets and lacks the know-how, staff and infrastructure to expand faster.

Indonesia is maintaining economic growth at over 4.5 percent and bank lending growth rates at over 15 percent….. Full Article: Source

 
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Laxman - who has written 19163 posts on Opalesque Islamic Finance Briefing.


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