Indonesian Islamic Banks Going Strong
Summary
This development strategy, as well as a broader Islamic religious revival in the country that is helping to increase the popularity of Sharia banking products, will lead to continued strong growth in this sector during the forecast period.This optimistic view is based on it very nature (avoid involvement of interest rates) and a robust growth in deposits in the recent months despite financial crisis in world.This research supplements the past and current information on the Indonesian Islamic banking market with forecast on various important industry aspects, including Muslim population, disposable income, Sharia financing and deposits.We provide industry insights and analysis that helps corporations to take timely and accurate business decision in todays globally competitive environment.This development strategy, as well as a broader Islamic religious revival in the country that is helping to increase the popularity of Sharia banking products, will lead to continued strong growth in this sector during the forecast period.The report also found that the financial meltdown has had no negative impact on the development of Sharia banking in the country.