Tagged: Bank Muamalat Indonesia

Kiddie-Pool Loan Ends Indonesian Invisibility in Islamic Banking

Kiddie-Pool Loan Ends Indonesian Invisibility in Islamic Banking

Indonesia, the country with the world’s largest Muslim population, is developing its Islamic finance industry. It’s speeding up government approvals and fixing a fragmented regulatory system as part of an effort to reach more unbanked Muslims and increase the portion of Islamic assets in the banking system to 15 percent by 2017, from 4.3 percent. Currently, Indonesia ranks fifth in the amount of outstanding Islamic bonds, the number of Indonesians using Islamic financial products increased 36 percent over the past year. However, that’s still only 13.4 million people in a country of 208 million Muslims, which shows Indonesia’s growth potential regarding Islamic finance.

Sukuk rising – along with pricing

Sukuk rising – along with pricing

The upturn in the global Sukuk market that has been forseen for the past few years doesn’t seem to happen – but for all the wrong reasons. Nowadays corporates and banks are issuing because they need the money.
Citi, Emirates NBD Capital, HSBC, NBAD, …