Indonesia banks on syariah finance boom
It will educate the public and establish an Islamic finance committee to better manage the sector
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Jakarta
INDONESIAN teacher Nina Ramadhaniah hopes for "blessings from Allah" by opening a syariah bank account. She is the sort of pious customer that the world's most-populous Muslim-majority country is praying for as it launches an Islamic finance drive.
Indonesia, South-east Asia's biggest economy, has a Muslim population of around 225 million but this huge number of faithful has not translated into success for syariah banks - institutions required to do business in line with Islamic principles.
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