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Islamic finance faces ‘bottlenecks’ in Indonesia

Posted on 16 July 2010

From Cpifinancial.net: Farouk Alwyni, who is Director of Treasury & International Banking for Bank Muamalat, highlights the fact that there is no single Islamic bank in Indonesia at the moment having equity exceeding $200 million even though the Islamic banking sector has grown from three institutions in 2007 to 10 in 2010.
At the same time asset growth of Islamic banking in Indonesia has been more than double that of the country’s overall banking industry over the last four years……………………………………….Full Article: Source

 
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Laxman - who has written 19160 posts on Opalesque Islamic Finance Briefing.


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