Indonesia banks on syariah finance boom
It will educate the public and establish an Islamic finance committee to better manage the sector
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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