Indonesia Islamic finance miniscule, but growing rapidly: study

A report launched by Thomson Reuters on Friday -- called "Indonesia Islamic Finance: Prospects for Exponential Growth" -- says the country's shariah finance industry recorded 559 trillion rupiah ($42.3 billion) in assets as of 2014, merely 3% of the country's financial industry assets overall. However, while the total financial sector's assets grew by 42% during the 2010-2014 period, assets for shariah finance surged by 139%. Boosted by government infrastructure spending and road maps for development of shariah finance, Indonesia's Islamic finance sector is expected to record double growth over the next five years.