All eyes on Indonesia's Islamic finance sector for its high growth potential
Kuala Lumpur
ISLAMIC finance players are keeping a close watch on Indonesia's nascent strides in the sector because of its high growth potential - a large Muslim population but low penetration rate.
Even so, its commitment remains to be seen as often conventional funding could be cheaper. "If Islamic financing is more expensive, will they still do it? What's more important for the government - is it to borrow as cheaply as possible or to support the Islamic finance industry? The two objectives may not always be the same," observed Moody's Investors Service global head of Islamic finance and senior vice-president of GCC financial institutions, Khalid Howladar.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Banking & Finance
Manulife profit beats on growth in Asia, wealth management
Hot stock: UOI surges to over 6-month high amid heavy trading
OCBC’s Q1 profit up 5% to S$1.98 billion; CEO confident about 2024
Europe’s rush for rate cuts shifts global market power away from US
A$90 billion Australia pension reviews investments as Israel-linked firms face pressure
SoftBank sells off Vision Fund assets as Son pivots to AI, chips