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Indonesian Islamic banks see loans tripling

More than 30t rupiah shifted from Hajj fund to syariah lenders will drive credit growth to 25.8%
Friday, March 27, 2015 - 05:50

The World Bank estimates that Indonesia's economy will expand 5.2% in 2015, a small improvement from 2014.


FLUSH with cash transfers from the state-controlled Hajj fund, Indonesia's Islamic banks see loan growth tripling in 2015 as interest rate cuts spur demand.

The government will finish shifting more than 30 trillion rupiah (S$3.1 billion) of the savings of Muslims planning a

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