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Despite strong potential, Sharia finance faces uphill task in Indonesia

Despite strong potential, Sharia finance faces uphill task in Indonesia

Photo by Pixabay

Despite its predominantly Muslim population, Sharia finance has been unable to make significant inroads into Indonesia, with a less than 10% market share, mostly due to a lack of trust, absence of a payment ecosystem, and a dearth of sophisticated offerings.

Edited by: Joymitra Rai

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