Welcoming the Golden Period of Sharia Banking Industry
By : Redaksi And Aldo Bella Putra | Saturday, December 16 2017 - 17:00 IWST

Majalah INDUSTRY edisi Desember 2017
INDUSTRY.co.id - Asa Syariah Banking - Since the era of sharia financial industry was introduced in the country in 1991 through the establishment of Bank Muamalat Indonesia, many people hope that the needs of the Muslim community in economic activities will be fulfilled.
On the other hand, the sharia financial services industry will also grow rapidly. Understandably, Indonesia is a country with the largest Muslim population. No exaggeration if it appears that the projection of the Islamic financial services industry will dominate the financial industry in the country.
But what power, the projection is limited to mere expectations. Since its introduction in 1991, the market share of sharia financial industry has been slow. To be able to achieve a 5% portion compared to conventional financial industry assets alone, it took more than two decades.
The asset composition of 5% in sharia banking was only reached in 2017, helped by the conversion of BPD Aceh which became Bank Aceh Syariah.
But it may be more accumulated this time. A number of growth supporting factors seem to be more comprehensively available.
From instruments to under lying investment, funding institutions and sharia guarantors, to financial technology institutions will also be a stepping stone that can hoist the amount of share of sharia in the country.
Another thing that is considered to foster optimism is the establishment of the National Committee for Islamic Finance by President Joko Widodo.
Through this institution will be blended and 'cooked' all forms of ideas that can develop the application of sharia economy. Next certainly the Muslim community, who want the application of sharia economic system in his life, will be fulfilled.
Then how the big factors that can encourage the growing market and services of the Islamic financial industry, especially Islamic banking. BACA is more in the special edition of INDUSTRY Magazine December 2017 edition "Welcoming the Golden Age of Islamic Banking Industry".
Get also other industry sector issues. For Purchases, Subscriptions and information, please contact us; Office: Batavia Tower Lt.2 Jl. KH. Mas Mansyur Kav. 126, Jakarta, Indonesia Tel: (021) 579 02855, Fax: (021) 572 7338 Email: [email protected] Website: http://www.industry.co.id/
Read Also
Today's Industry

Kamis, 23 Maret 2023 - 19:28 WIB
Index Launch: Remittances Play a Powerful Role in Consumers’ Financial Planning
As global populations navigate macroeconomic headwinds, consumers expect remittances to play an even stronger role in their current and future financial planning.

Kamis, 23 Maret 2023 - 17:41 WIB
Welcoming Ramadan 1444H, Cabinet Secretary: A Month Full of Deep Meaning
Cabinet Secretary (Seskab) Pramono Anung wished Muslims throughout the country a happy fasting month of Ramadan 1444 Hijri/2023 AD.

Kamis, 23 Maret 2023 - 16:30 WIB
Government Sets 1 Ramadan 1444H to Fall on Thursday, March 23 2023
The government determines that 1 Ramadan 1444 Hijriah/2023 AD will fall on Thursday, 23 March 2023. This determination is based on the decision of the Isbat (Determination) Session of the Beginning…

Kamis, 23 Maret 2023 - 14:52 WIB
SAUDIA Group Announces International Expansion With 25 New Destinations in 2023, Connecting the World to Saudi Arabia
Saudi Arabian Airlines (SAUDIA) and flyadeal set course to add 25 new destinations in 2023 on SAUDIA Group Network.

Kamis, 23 Maret 2023 - 08:45 WIB
Crystal IS and Asahi Kasei Announce New Record for Single-Chip Device Output and Immediate Engineering Sample Availability of Their Upcoming 160 mW UVC LED
Asahi Kasei, a diversified Japanese multinational company, and subsidiary Crystal IS have demonstrated their next- generation Klaran single chip UVC LED which emits at 160 mW in the ideal germicidal…
News Comment