INDONESIA - REGULATIONS - BI reviews risk sharing regulations in Islamic banking

REPUBLIKA.CO.ID, JAKARTA - Bank Indonesia (BI) is now reviewing the possibility to establish the results that are stable in the Islamic banking industry. According to Deputy Governor of BI, Halim Alamsyah, it is important to distinguish between Islamic and conventional banking industry.

He put all this time, the liabilities side, Islamic banking is the result of its stable. Because the Islamic banking adheres to the principle of mudaraba where profits are divided based on the ratio agreed in advance. (source)

LIFESTYLE - Hotel Sofyan Shariah Jakarta: “Shariah” mark improved hotel’s occupancy

The second edition of Sharing magazine "Australian edtion 02/2010", contains this interesting article on Hotel Sofyan Shariah- Jakarta.

In the last ten years there have been many businesses in Indonesia which carries the “Shariah” label, and it has become a more commonly used term to label the business.  It started in the financial industry, with the addition of Shariah label such as Shariah banking, Shariah insurance, Shariah capital markets, Shariah leasing, etc. Along with the growth of the certification in Shariah compliance, the trend grows to many businesses outside the financial industry.