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Jakarta Post
The Jakarta Post
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DKI Jakarta, Indonesia
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Islamic banking: Why so slow?

  • Terry Lacey

JAKARTA | Wed, March 4 2009 | 03:57 pm

PREMIUM The Fifth World Islamic Economic Forum (WIEF) opened on Monday in Jakarta. The global Islamic financing industry has over US$1 trillion in assets. But Indonesian Islamic finance accounts for less than 3 percent of banking assets and lacks the know-how, staff and infrastructure to expand faster. Indonesia is maintaining economic growth at over 4.5 percent and bank lending growth rates at over ...