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Indonesia: Shariah banking market share reaches new height

Posted on 09 May 2013

The market share of Islamic lenders in Indonesia during the first quarter of 2013 reached nearly 5 percent for the first time ever, Bank Indonesia said on Wednesday. The market share of Shariah-compliant banks in the first quarter was 4.9 percent, mainly from Rp 214.5 trillion in assets, an increase of 37.8 percent compared to the same period in 2012.
“It is a market share in the Shariah banking industry that has never happened before,” Bank Indonesia Deputy Governor Halim Alamsyah said during his opening speech at a discussion on Islamic banking at the State Enterprises Ministry………………………………………..Full Article: Source

 
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