Shariah Banks Doing Booming Business
Shariah loans increased by almost half in the first six months of the year. The reason was the rapid expansion of Shariah banks in Indonesia.
Mulya Siregar, director of Shariah banking at Bank Indonesia, stated that Shariah loans rose 49 percent to Rp 83 trillion ($9.8 billion) through June, in comparison with the same period last year.
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