05.02.2013 - Islamic banking IPO
The Islamic banking market is growing in Indonesia, where 11 banks offer Shariah-compliant financial services. The market reached a combined total of Rp 199.7 trillion by the end of 2012, according to central bank data. But Indonesia’s Shariah banking market still lags behind Malaysia, where Islamic lenders hold 23.1 percent of the assets deposited in Malaysian banks. In Indonesia, Shariah banking only totals 4.7 percent of the Rp 4,000 trillion market..........................................Full Article: Source
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