From Bloomberg: Indonesia is under pressure from banks to match tax breaks and product offerings announced by Malaysia last week to catch up in developing Islamic finance.
“The government needs to play a more active role,” Andi Buchari, a director at PT Bank Muamalat Indonesia, the nation’s oldest Islamic bank, said in a telephone interview from Jakarta yesterday. “We need more incentives, things such as a tax holiday, or perhaps, an incentive for people to put their money in Shariah banks.”………………………………………Full Article: Source