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Focus on the little guy could boost Islamic banking in Indonesia

Posted on 02 February 2010

From Voanews.com: Indonesia’s central bank has recently embraced new regulations for Islamic banking, which it sees as key to building on last year’s strong economic growth. In a country that is home to more than 200 million Muslims, the potential for expansion is enormous, although Islamic finance still accounts for a small part of the country’s financial market.

Over the past six years Islamic banking has averaged 36 percent annual growth in Indonesia. But its $7 billion in assets makes up only 2.5 percent of the country’s total banking sector…………………………………..Full Article: Source

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


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