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Indonesia c.bank sees sharia bank assets up 30 pct in 2010

Posted on 18 December 2009

From Iii.co.uk: Indonesia’s Islamic banking assets are set to grow 30 percent next year, partly because of a more favourable tax environment, a central banker said on Thursday, after expanding an estimated 15 percent in 2009.
While Indonesia is the world’s most populous Muslim country, it has been slow to develop its Islamic financial market and only recently addressed taxation of sharia products, which was one of the main deterrents to investment………………………………..Full Article: Source

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