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  • Sharia Banking Indonesia at the Fourth World Order

    Saturday, November 12, 2011
    The growth of Islamic banking in Indonesia is relatively fast in the last five years, with an average asset growth of 40 percent. The position of Islamic banking assets as of September 2011 has reached Rp 126 trillion. With that position, Indonesia Islamic banking occupied the fourth position of the world after Iran, Malaysia, and Saudi Arabia.


    Deputy Governor of Bank Indonesia, Halim Alamsyah, Friday (11/11), said the growth of Islamic banking assets of Indonesia is relatively fast compared to the average growth of Islamic banking in another country. While the average growth of Islamic banking in the world is only 10-15 percent.Indonesia Islamic banking growth rate is predicted to continue rising. It was influenced by the economic potential of Indonesia which is better than other countries that have Islamic banking. Indonesia's economic growth by September 2011 recorded 6.5 percent.Economic growth was supported by the population of Indonesia reached 237 million inhabitants. This is a potential market of Islamic banking. "Our position in a number of prominent Islamic banks including in the world," said Halim. In Indonesia, the number of Islamic Banks (BUS) has reached 11, plus 23 Sharia (UUS).In terms of institutional, continued Halim Indonesia Islamic banking is also considered superior. Indonesia fatwa for Islamic banking issued by an agency, namely, the National Shariah Council of Indonesian Ulemas Council (DSN-MUI). While other countries, a fatwa is still derived from each bank.Great potential that has attracted some foreign investors to invest in Indonesia in the field of Islamic economics. "The delegation of Middle Eastern states are very interested in Islamic banking in Indonesia," he said.Sources: ReutersRelated about Sharia Banking Indonesia at the Fourth World Order:

        
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