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An Update on the Indonesian Islamic Banking Industry

As of July 2017, the market share of the Islamic banking industry in Indonesia stood at 5.7% of the total banking industry, recording a continuing, albeit small, rise. In 2016, it reached 5.5% compared with 5% in the years of 2014 & 2015.   An Update of...

Concepts in Islamic Economics Revisited: The Case of Poverty

This paper aims to explore the use of the western-ethno centric concept in Islamic economics with special reference to the concept of poverty. As in the case of many other concept in Islamic economics, the concept of poverty suffers from an absence of an Islamic...

Indonesia’s New Hajj Fund Management Agency

The members of Indonesia’s new Hajj Fund Management Agency, or known by its Indonesian name as Badan Pengelola Keuangan Haji (BPKH), were inaugurated by the president of the Republic of Indonesia, Joko Widodo, on the 26th July 2017, and immediately commenced...

Indonesia’s Corporate Sukuk Space

Up to May 2017, there have been new issuances of corporate Sukuk amounting to IDR5.15 trilion (US$386.49 million). As shown in table 1, this performance in the first half of 2017 showed a major improvement compared with the performance in the first half 2016 when...