Total assets of Islamic Banking Reaches Rp 104 Trillion

Saturday, April 23, 2011 Label:

Based on data from Bank Indonesia (BI) in February 2011, total assets of Islamic banking industry reached Rp 104 trillion. While the number of Islamic banking industry recorded there are 11 Islamic Banks, 23 Unit 151 Bank Financing Sharia and Islamic Peoples (SRB). 

However, Islamic banking market share at the end of 2010 accounted for only 3.3 percent of the overall banking market share nationally. End of 2011 expected to reach 3.6 percent to 3.7 percent because of the added six Islamic banks, SRB and the new Islamic unit. 

Under these conditions, the Islamic banking industry is growing rapidly in Indonesia is considered to play a major role to encourage the growth of national economy. "This is because Islamic banking activities are not governed by market mechanisms as occurred in the United States (U.S.). The government also has involvement in maintaining kemashlatan people," said Deputy Governor of Bank Indonesia (BI), Halim Alamsyah, in a seminar in Yogyakarta, Wednesday (20 / 4). 
Professor of Banking and Financial Regulation Loughborough University, Maximilian JB Hall added a British Islamic banking industry to survive the global crisis because it is not associated with the market mechanism and without speculation. He added that in 2010 the growth of global Islamic banking assets reached 8.9 percent with total assets of 900 billion U.S. dollars. "The amount is increased more than double the growth rate in 2006," he said. 

Unfortunately, today, from the Islamic world's population of 1.6 billion people is only about 12 percent of it using instruments of Islamic banking. 

Source: Antara
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