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2015: Indonesia’s Shariah capital market year

By Farouk Abdullah Alwyni In an effort to further boost the role of the Islamic capital market in the country, Indonesia’s Financial Services Authority (OJK) has declared the year of 2015 as the Shariah capital market year. According to its press release, the OJK will...

Islamic megabank: A redundancy or a need?

The proposition to establish an Islamic megabank has long existed since the year 2010. According to industry reports, countries such as Turkey, Indonesia and most recently Malaysia have all dabbled in the idea of establishing a megabank, but nothing has materialized...

REINVENTING OPTIMISM FOR INDONESIAN ISLAMIC BANKING INDUSTRY

The year 2014 signifies the stagnation in the growth of the Indonesian Islamic banking industry. Based on the preliminary figures from the Indonesian Financial Services Authority (OJK), up to the 3rd quarter of 2014, the total Islamic banking assets (full-fledged...

Indonesian government Sukuk: Starting 2015 strong

The government of Indonesia through the Ministry of Finance (MoF) started the first issuance of Sukuk through auction on the 13th January 2015. The response from the market was impressive and somehow unexpected by the MoF itself. By Farouk Abdullah Alwyni Indonesian...