Jakarta rolls out plan to develop Islamic finance
Govt launches national road map in latest effort to awaken the niche sector; a range of initiatives are on the cards
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Jakarta
THE Indonesian government has launched a national master plan to develop its Islamic finance industry, the latest effort aimed at awakening what is still a niche sector in the world's most populous Muslim country.
Islamic finance was introduced in South-east Asia's largest economy more than two decades ago but it has managed only modest gains in the country of 250 million people despite multiple regulatory efforts and grassroots initiatives.
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