OVERVIEW

Sharia financing has emerged within Indonesia over the past few decades and reflects the fact that the nation is home to more than 200 million Muslims, as well as changes in lifestyle and a greater flexibility in terms of the sharia financial products which are offered to the general public, regardless of individual religious beliefs. In an international context, the growth potential of sharia financial services within Indonesia looks promising. Indeed, in 2014, Indonesia placed ninth as a nation in terms of its sharia-finance assets, posting a total of USD 35.629 billion.