Retail segment began to glance.
Initial payment of sharia finance is lower.
In 2020, Islamic banks will control 25 percent market share of the Indonesian banking industry
The Association of Sharia Insurance of Indonesia plans to standardize the sharia insurance sector by releasing sharia insurance policy standards
Bapepam-LK estimates a 30 percent growth in revenue from premiums within the Sharia Insurance Industry to Rp 6.46 trillion this year
Malaysia’s biggest Islamic insurers plan to expand in Indonesia
Bank CIMB Niaga has injected Rp 100 billion into its Islamic banking subsidiary to increase its lending
Bank Indonesia predicts that sharia banking industry may grow 40% in 2012
Indonesia’s sharia finance industries ranked fourth globally
Penetration of Sharia-based insurance industry has reached 3.18% in the first quarter of the year
The market capitalization of Sharia stock in the first half of 2011 soared by 37.58% to IDR1,305 trillion
The Indonesian and Malaysian central banks agreed to improve cooperation to boost the development of Islamic finance in the two nations
Investors’ interest in Islamic mutual funds, particularly with Islamic bonds as underlying assets continues to grow this year
Indonesia Stock Exchange plans to cooperate with London Stock Exchange to develop a sharia capital market, either in England or Indonesia
Profits from Islamic banking rose 21.95% in the first-quarter of 2011. Net income from Sharia banks and Sharia banking business units rose to IDR400 billion from January-March
Sharia Index established to complement JII
Indonesian index of sharia stocks (ISSI), which will be launched on May 12
The total managed fund of sharia mutual funds throughout the first quarter in 2011 reached IDR 5.19 trillion.
Albaraka Banking Group and Qatar Islamic Bank aim to acquire Shariah-compliant lenders in Indonesia.
Conventional insurance companies will be the largest Sharia bond (sukuk) investors as they control IDR 1.77 trillion or 29% of the total investment in sukuk.