Indonesian consumer-finance companies are turning to Shariah-compliant lending after regulators tightened rules on non-Islamic loans for buying cars and motorcycles.
PT Adira Dinamika Multi Finance, the nation’s largest, started a business complying with the Muslim faith in July and expects it to eventually account for as much as 20 percent of operations, Sylvanus Gani Mendrofa, head of the corporate secretary division, said in an Aug. 28 interview in Jakarta………………………………………..Full Article: Source