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Fitch lauds central bank’s Shariah down payment plan

Posted on 30 August 2012

International rating agency Fitch Ratings on Tuesday praised Bank Indonesia’s plan to issue rules requiring Shariah banks to toughen up their down payment requirements on housing and automotive loans.
Fitch said in a report that Indonesia’s consumer financing “is likely to see improved underwriting quality and regulatory consistency, if Bank Indonesia harmonizes prudential rules for Shariah-compliant products with those for mainstream consumer loan products.”……………………………………….Full Article: Source

 
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