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Who patronises Islamic banks in Indonesia?

INTRODUCTION Indonesia is a country within the South East Asia region with the largest Muslim population in the world. It has a total population of 290 million, 80 percent or 232 million of them are Muslims. Although the number and proportion of Muslims is significantly large, however, it do...

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Main Authors:	Abduh, Muhamad, Omar, Mohd. Azmi
Format:	Article
Language:	English
Published:	Centre for Islam and Social Sciences (CISS) 2010
Subjects:	HG1501 Banking
Online Access:	http://irep.iium.edu.my/21827/1/Who_patronises_Islamic_banks_in_Indonesia.pdf http://irep.iium.edu.my/21827/ http://ciss-ilmf-onlinejournal.blogspot.com/
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spelling	my.iium.irep.218272012-11-19T02:03:18Z http://irep.iium.edu.my/21827/ Who patronises Islamic banks in Indonesia? Abduh, Muhamad Omar, Mohd. Azmi HG1501 Banking INTRODUCTION Indonesia is a country within the South East Asia region with the largest Muslim population in the world. It has a total population of 290 million, 80 percent or 232 million of them are Muslims. Although the number and proportion of Muslims is significantly large, however, it does not correspond to the share of Islamic banking assets vis a vis the total banking assets in the country 1 . History of Islamic banking in Indonesia began in 1992 when the government introduced Banking Act No. 7, which allowed banks to operate on Islamic principles. This led to the establishment of Bank Muamalat Indonesia in the same year. This development is actually ten years behind Malaysia and Turkey and almost twenty years behind Dubai that has established the first commercial Islamic bank in 1975 namely, Dubai Islamic bank. Table 1 shows that up to December 2009, there are 6 Islamic commercial banks (i.e., Bank Syariah Mandiri, Bank Muamalat Indonesia, Bank Syariah Mega Indonesia, BRI Syariah, BUKOPIN Syariah, and PANIN Syariah) with 711 branches and 25 conventional banks that have Islamic windows with 287 branches. The number of Islamic rural banks also increased significantly from 105 in 2006 to 138 in 2009. As a result, there are 1,223 branches of Islamic banks spread around Indonesia to meet the needs of Muslims in the country. Centre for Islam and Social Sciences (CISS) 2010-07 Article REM application/pdf en http://irep.iium.edu.my/21827/1/Who_patronises_Islamic_banks_in_Indonesia.pdf Abduh, Muhamad and Omar, Mohd. Azmi (2010) Who patronises Islamic banks in Indonesia? Australian Journal of Islamic Law, Management and Finance, 1 (1). pp. 46-53. ISSN 1838-2266 http://ciss-ilmf-onlinejournal.blogspot.com/
institution	Universiti Islam Antarabangsa Malaysia
building	IIUM Library
collection	Institutional Repository
continent	Asia
country	Malaysia
content_provider	International Islamic University Malaysia
content_source	IIUM Repository (IREP)
url_provider	http://irep.iium.edu.my/
language	English
topic	HG1501 Banking
spellingShingle	HG1501 Banking Abduh, Muhamad Omar, Mohd. Azmi Who patronises Islamic banks in Indonesia?
description	INTRODUCTION Indonesia is a country within the South East Asia region with the largest Muslim population in the world. It has a total population of 290 million, 80 percent or 232 million of them are Muslims. Although the number and proportion of Muslims is significantly large, however, it does not correspond to the share of Islamic banking assets vis a vis the total banking assets in the country 1 . History of Islamic banking in Indonesia began in 1992 when the government introduced Banking Act No. 7, which allowed banks to operate on Islamic principles. This led to the establishment of Bank Muamalat Indonesia in the same year. This development is actually ten years behind Malaysia and Turkey and almost twenty years behind Dubai that has established the first commercial Islamic bank in 1975 namely, Dubai Islamic bank. Table 1 shows that up to December 2009, there are 6 Islamic commercial banks (i.e., Bank Syariah Mandiri, Bank Muamalat Indonesia, Bank Syariah Mega Indonesia, BRI Syariah, BUKOPIN Syariah, and PANIN Syariah) with 711 branches and 25 conventional banks that have Islamic windows with 287 branches. The number of Islamic rural banks also increased significantly from 105 in 2006 to 138 in 2009. As a result, there are 1,223 branches of Islamic banks spread around Indonesia to meet the needs of Muslims in the country.
format	Article
author	Abduh, Muhamad Omar, Mohd. Azmi
author_facet	Abduh, Muhamad Omar, Mohd. Azmi
author_sort	Abduh, Muhamad
title	Who patronises Islamic banks in Indonesia?
title_short	Who patronises Islamic banks in Indonesia?
title_full	Who patronises Islamic banks in Indonesia?
title_fullStr	Who patronises Islamic banks in Indonesia?
title_full_unstemmed	Who patronises Islamic banks in Indonesia?
title_sort	who patronises islamic banks in indonesia?
publisher	Centre for Islam and Social Sciences (CISS)
publishDate	2010
url	http://irep.iium.edu.my/21827/1/Who_patronises_Islamic_banks_in_Indonesia.pdf http://irep.iium.edu.my/21827/ http://ciss-ilmf-onlinejournal.blogspot.com/
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score	13.211869

Who patronises Islamic banks in Indonesia?

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