BANKING - Microfinance Dominates Indonesian Shariah Loans: Islamic Finance

businessweek.com - Nov. 24 (Bloomberg) -- Islamic loans targeting Indonesian small businesses have grown to dominate Shariah-compliant credit in the world’s most-populous Muslim nation, prompting the country’s biggest banks to expand. (source)

BANKING - BSM Refused to Provide Financing Without Collateral

Jakarta (26/8) the new regulation of Kredit Usaha Rakyat  (KUR)/micro financing for the amount of IDR 20 million without collateral is not unanimously agreed by Islamic bankers. Bank  Syariah Mandiri (BSM) refused to facilitate financing without collateral, as explained by Andri Vendredi Subardi, head of micro-financing program of BSM, he said that the bank will be at high risk to distribute financing without collateral.