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President Joko Widodo (Jokowi) has said Jakarta should aim to become the global sharia financial center as Indonesia has the worlds largest Muslim population. “Ive ever conveyed (it) to chairman of the Financial Services Authority (OJK) that it is natural if…
The assets of sharia banks rose 18.49 percent year-on-year to Rp305.5 trillion by July, 2016 on growing third party funds. Third party funds held by sharia banks rose 12.54 percent to Rp243 trillion in the same period, Chairman of the Board of Commissioners…
The Financial Services Authority (OJK) says that the sharia finance still sees promising future despite the slowing down of global economic growth. “I’m optimistic on the promising future of the sharia finance industry. However, there will be many challenges…
Manulife Indonesia has submitted a proposal to the Financial Services Authority (OJK) to generate a bigger market share for its holding company by creating a spin-off of its sharia business unit, a company executive has said. “We have submitted the documents…
