Photo: Screenshot of President Joko Widodo at the official (virtual) launch of Bank Syariah Indonesia on Feb 1, 2021.

Islamic Finance

Indonesia Islamic banks outgrew conventional peers in 2020


JAKARTA – Indonesia’s Islamic banking industry assets grew by 10.97% in 2020, higher than the 7.7% registered by the country’s conventional banks, said President Joko Widodo on Monday (Feb 1).

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Islamic banking