02.01.2013 - Indonesia: Minimum down payment set for Islamic financing
In a move to help curb consumer financing growth, the Finance Ministry has set stricter down payment requirements on Islamic financing for automotive purchases. The new regulation, which will apply to all non-bank Islamic financing institutions, requires a down payment of 20 percent for two-wheeled vehicle purchases and a 25 percent down payment for four-wheeled vehicles. The purchase of commercial four-wheeled vehicles such as trucks or buses requires a 20 percent down payment...............................................Full Article: Source
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