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Jakarta Post

LPPI establishes center to standardize Islamic finance

  • The Jakarta Post

Jakarta   /   Thu, June 26 2008   /  10:34 am

In conjunction with several foreign institutions, the Indonesian Banking Development Institute (LPPI) has established a body to regulate Islamic finance laws and provide certification programs for professionals. The body, the International Center for Development in Islamic Finance (ICDIF), will also provide education, training and fee-based consultancy on Islamic finance for local and foreign professionals and institutions. Speaking at the inauguration of the ICDIF in Jakarta on Wednesday, central bank governor Boediono shared his hope for Indonesia to become a center for Islamic finance studies in Asia. "I can say that Indonesia currently has good momentum to become the center for Islamic finance, as the House of Representatives issued last week a new Islamic banking law providing a legal basis that will support investment in the industry," Boediono said...