Jakarta, (20/8). Islamic finance system is related to the state economic system of a country, as explained by Vice president of Indonesia, Budiono during the opening ceremony of Joint High Level Conference on Islamic Finance which organized by Bank Indonesia, Monday (18/07).
Budiono has opined that Islamic finance has some advances to further development of state economic system in which it has embedded with the global economic system. “ Islamic finance has been integrated with global economic system, and with this conference it is expected that the central bank of Indonesia and Malaysia and the Islamic finance professional could meet and discuss all issues and grand strategic for further enhancement of Islamic finance system within the global economic system” exclaimed Budiono. (source)
In the same occasion the Governor of Bank Negara Malaysia Zeti Akhtar Aziz stated that the Islamic finance industry is now has a robust growth which will become the important part of cross borders transactions. The cross borders transactions between countries is expected to create more strategic business opportunity to further development of Islamic finance industry and to increase cross borders transactions in Moslem countries.[nibra]
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