FINANCE - Indonesia: (Islamic) Financing opportunities

The Islamic financial sector in Indonesia is hoping a mix of state-backed infrastructure projects and regulatory reforms will help the country's sharia-compliant lenders to continue their rapid expansion, allowing the industry to realise its full potential and to come out of the shadows of other regional banking powers.


Indonesia was a relative late-comer to the Islamic finance sector, only ratifying legislation to clear the way for sharia-compliant services a quarter of a century after Malaysia had opened the door to Islamic banking and associated activities. (full story)

REPORT - ISLAMIC FINANCE ASIA (April edition) Indonesia: Prospects Still Abundant

As Malaysia continues to pursue its ambition of becoming the leading global hub for Islamic finance, Indonesia is working towards its own goal of international recognition in the industry. RAPHAEL WONG looks at the Indonesian Islamic banking sector through the eyes of two Malaysian banks that have assimilated into the market. (full story)

BANKING - Maybank Syariah eyes 100% growth in assets

JAKARTA: PT Maybank Syariah Indonesia is eyeing 100% growth in assets by 2011, to IDR2.8 trillion from IDR1.4 trillion this year.

President Director of Maybak Syariah Baharudin Abdul Majid showed his optimism to meet the expectation considering the vigorous Sharia market in Indonesia.