28.11.2012 - Indonesia: Sharia banking sees extraordinary development
Sharia banking has been experiencing extraordinary developments in several countries including Indonesia, home to 191 sharia banks. In Indonesia, this particular banking system has been enjoying an average growth-rate of 40.2 percent per year from 2007 to 2011. “The potential of sharia banking is big,” director of the Risk Management Insurance Indonesia, Salustra Satria, said. Roslan Abdul Razak of the INCEIF said that the combined assets of 1,000 sharia financial institutions in 75 countries currently was US$ 1.2 trillion...............................................Full Article: Source
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