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Indonesian central bank eyes new rule on sharia risk management

Posted on 16 April 2010

From Reuters: Indonesia’s central bank expects to issue a new ruling on risk management in the middle of this year to strengthen the Islamic banking sector in the world’s most populous Muslim country, a central banker said on Thursday.

Indonesia has lagged behind Malaysia and Singapore in developing its Islamic finance markets. However it has stepped up its efforts since last year by eliminating double taxation of such sharia products, as this had hampered growth of the industry…………………..Full Article: Source

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