Indonesia Islamic banking market share crosses 5 pct ’psychological barrier’, looks to halal sector for more growth
Photo: JAKARTA, INDONESIA - SEPTEMBER 25, 2016: People enjoy car free day, which happens every Sunday morning, on the Sudirman avenue in Jakarta, where only Tranjakarta bus can run / AsiaTravel / Shutterstock.com
JAKARTA –The value of Indonesia’s Islamic banking assets crossed the psychological 5 percent barrier at the end of September to reach 331.76 trillion Indonesian rupiah ($25 billion), or 5.13 percent of the country’s 6,465.68 trillion rupiah banking assets, Beny Witjaksono, Executive Director of Indonesian Sharia Bank Association (Asbisindo) told Salaam Gateway.
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