| From Thejakartaglobe.com: Bank Indonesia, the central bank, is projecting Sharia, or Islamic, lenders’ assets could grow by more than 40 percent to Rp 90 trillion ($7.92 billion) in 2009 from around Rp 50 trillion last year, as lenders chose “safe” investments in times of global uncertainty.
Siti Fadjrijah, deputy governor of Bank Indonesia, said the central bank was optimistic about achieving the target, which she said was “in the middle” of the bank’s predictive range — a “moderate” increase. She noted several conventional banks had spun-off their Sharia units into fully fledged Sharia banks, which she believed would speed asset growth..... Full Article: Source
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