Showing posts with label ratnawati. Show all posts
Showing posts with label ratnawati. Show all posts

Monday, June 25, 2012

INDONESIA - EVENTS - Government Seriously Develops Indonesian Islamic Financial Industry

www.depkeu.go.id - Jakarta, 20/6/2012 MoF(Fiscal) News - Opening the International Conference on Islamic Capital Market in Jakarta on Tuesday, Vice Minister of Finance I Anny Ratnawati conveyed that the government of Indonesia commits to develop Sharia financial industry as a part of national economic development. This commitment is reflected in the development of Islamic investment products (State Islamic Securities/Sukuk), which are periodically issued by the government through Ministry of Finance.
She explained, the development of Sharia investment products is higher than the conventional ones since the issuance of law and regulations related to the Islamic financial industry in 2008. “The amount of sukuk issued by the government on December 31, 2008 was only USD429 million. Yet, it increased by 1.898 percent to USD8.57 billion on December 31, 2011,” she said. Meanwhile, the amount of the government bonds increased of around 49 percent from USD82.35 billion to USD122.40 billion in the same period. Therefore, she welcomed investors’ enthusiasm in each Sharia investment product issued. (source)