Islamic Banking, Beyond Banking Part 2

Islamic Financial Hub of Asia

Singapore as a country that has positioned itself as the gate to Southeast Asia commerce, is not far behind. Even though Moslems only make up a fraction of Singapore’s citizens, the country offered various Islamic banking products and services, as well as, Islamic-based investment instruments. The tiny island is well-known as a potential hub for Middle East investors eager to invest in Southeast Asia.

So where does this leave Indonesia? Since its inception in 1992, Islamic banking industry in Indonesia has shown an impressive growth rate, with average growth of 60% per year! With that tremendous growth rate and Indonesia demographic condition as the world’s most populous Moslem nation, plus its abundant natural resources, Indonesia has great potentials to become major provider of Islamic banking products and services, as well as Islamic Banking Invesment instruments, Indonesia can become important player in the international Islamic finance community.

Islamic Banking in Indonesia


Recognizing Indonesia's enormous potential to become a global Islamic financial hub, the Government of Indonesia has stepped up efforts to attract Islamic-banking-oriented investors and actively participate in the global trend of Islamic banking growth.

Now is the time! Now is the right time to work together and raise awareness that Indonesia’s Islamic banking system is capable of becoming a global player and serving Indonesian people’s financial needs with much wider financial products and services.

To that end, visionary measures are needed to accelerate the development of Islamic banking market so it can eventually serve the needs of Indonesian people with an international standard of quality.

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