Development of Islamic banking in Indonesia
Development of Islamic banking in Indonesia

Summary/Abstract: In the last few decades the increasing significance of Islamic banking has been observed. A distinctive feature of Islamic banks is the obligation to conduct operations in accordance with principles of shariah which is the religious law of Muslims. The purpose of this paper is to present the state of development and the specificity of the Islamic banking industry in Indonesia. The reason why this country has been chosen is the fact that it is the most populous Islamic country, yet in comparison with some other Muslim countries the significance of Islamic banking is relatively small there. Thus it is interesting to analyse whether the situation may change in the future. The article uses descriptive and analytical method of analysis, based mainly on scientific literature, market reports and statistical data.

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