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View all search resultsCurrently, 13 sharia banks and 21 sharia business units operate in Indonesia. With the widely differing financial strengths among banks, it appears that the decline in the statutory reserve requirement has not been strong enough to shift the lending supply curve, but had accumulated the excess liquidity of sharia banks.
Finance Minister Sri Mulyani Indrawati has said that Indonesia needs to spread knowledge about the sharia economy to the public so the country with the world’s largest Muslim population could unearth the great potential of its Islamic economy.
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