Islamic Banking, Beyond Banking Part 5

Vision and Strategy for Market Development

It is hoped that the new inclusive and universal image of Islamic banking, the use of iB (ai-Bi) logo, and comprehensive market development strategy would spur the Islamic banking industry and investors to work together and realize the development of Indonesia’s Islamic banking market within the next three years outlined in these three phases, which are:

• First Phase (2008): “To build understanding of Islamic Banking as “Beyond Banking”

During the first phase, total accumulated assets are targeted to exceed 50 trillion Rupiah with the Islamic banking industry growing by 40%

• Second Phase (2009): “to make Islamic Banking as the Most Attractive Islamic Banking in ASEAN”

At this phase, total assets are targeted to reach 87 trillion Rupiah with the industry growing by 75%

• Third Phase (2010): “to make Indonesia’s Islamic Banking as a leading Islamic Banking in ASEAN”

In 2010, Indonesia’s Islamic banking industry is expected to reach total assets of 124 trillionrupiah and growth of 81%

Closing

 

These initiatives, and optimism with full support from government, provide participants in the national Islamic banking industry with the vision of transforming Indonesian Islamic banking industry to become a reputable industry in the global financial community.

By: iB Syariah - Bank Indonesia

<< previous