Showing posts with label ifci. Show all posts
Showing posts with label ifci. Show all posts

Monday, February 20, 2012

INDONESIA - BANKING - Indonesia Chance to Be World Islamic Banking Centre

WWW.TEMPO.CO, Jakarta - Indonesia's sharia banking predicted to grow rapidly. Policy on sustainable development of Shariah institutions and trade board ruling, a major strength. In addition, the market demand for Shariah products to be key factors behind the development of sharia financial services in Indonesia.

"Indonesia is a stable macroeconomic situation also supporting factors," said Head of the Centre for Islamic Finance, Bahrain Institute of Banking and Finance Mohammad Omar Farooq, in Jakarta on Monday, February 6, 2012. The main difference sharia financial institutions Indonesia lies in centralization giving fatwa. (source)