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Islamic Banking

Prayers Answered

Tuesday, June 5, 2001

Amid the woes affecting recapitalized banks and renewed doubts about their ability to survive,
Islamic banks continue to be profitable. Will commercial banks be tempted to move in the direction of syariah banking?

. tempo : 172978309654.

Harry Rachmadi has made up his mind. At the end of this year, Bank IFI, which he leads, will bid adieu to the system of conventional banking it has adhered to since 1993 and, starting next year, all IFI branches will switch over to Islamic banking. “The Islamic banking system is superior compared to the conventional system,” he claims. In 1999, conventional commercial banks were permitted to open Islamic banking branches under the...

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Tempo English Tuesday, June 5, 2001
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Tempo English Tuesday, June 5, 2001

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