The rate for such banking in Indonesia is just a mere seven per cent, dwarfed by Malaysia's 29 per cent and Saudi Arabia's 65 per cent. - AFP
JAKARTA, March 13 (The Straits Times/ANN): Newly established tech-based lenders are enthusiastically tapping into syariah banking in Indonesia, betting on an underpenetrated market with a potential customer base of 45 million in a country with the world's largest Muslim population.
The rate for such banking in Indonesia is just a mere 7 per cent, dwarfed by Malaysia's 29 per cent and Saudi Arabia's 65 per cent.
Already a subscriber? Log in.
Get 30% off with our ads free Premium Plan!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
