Battling over Shari’a Banking

Large banks are competing to enter the Shari’a banking business. However, the growth of assets is still low.

October 16, 2007

THESE last few weeks have been busy ones for Sulaiman Arif Arianto. As the person who has been charged with watching over the acquisition process of Bank Jasa Arta, Sulaiman has to check all the documents, one by one. “The documents are still incomplete,” said the Director for Micro, Small and Medium-sized Enterprises at Bank Rakyat Indonesia (BRI), on Thursday last week.

Sulaiman is very busy because BRI has a critical agenda. Not only is i

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