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Islamic finance in Indonesia: A quantum leap

Zul Kepli, Mohd Yazid (2013) Islamic finance in Indonesia: A quantum leap. International Journal of Sales & Marketing Management Research and Developmen t (IJSMMRD), 3 (5). pp. 21-30. ISSN 2249-6939

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Islamic finance is emerging as a rapidly growing part of the financial sector and it has become a global phenomenon. Both Muslim and western countries have accepted it into their financial portfolio. Indonesia’s Islamic banking assets have grown by 50% to US$17 billion in 2012, and are expected to continue on an upward trajectory as the Indonesian government and financial institutions show more support towards this growing sector. This research studies the development of Islamic finance in Indonesia. It analyzed the advantages, strength and benefit of Islamic banking in Indonesia such as huge domestic market, in addition to investments and economic opportunities. This research also highlights the challenges facing Islamic financial industry in Indonesia together with suggestions for improvement.

Item Type: Article (Journal)
Additional Information: 6861/35131
Uncontrolled Keywords: islamic bank, indonesia, southeast asia
Subjects: K Law > K Law (General)
K Law > KBP Islamic Law
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button): Ahmad Ibrahim Kulliyyah of Laws > Department of Civil Law
Depositing User: Dr Mohd Yazid Zul Kepli
Date Deposited: 05 Feb 2014 16:24
Last Modified: 21 May 2018 15:26
URI: http://irep.iium.edu.my/id/eprint/35131

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