Released on: July 9, 2008, 12:07 am

Press Release Author: Shushmul Maheshwari

Industry: Financial

Press Release Summary: The Sharia banking industry of Indonesia is expected to grow
52% by 2010 due to low penetration, improvement in regulatory framework, large
Muslim population and lending to SMEs.

Press Release Body: The market research firm RNCOS, in its new market analysis,
“Sharia Banking System in Indonesia”, has found that the Indonesian
Sharia banking market is expected to grow at a CAGR of around 52% from 2008 to 2010.

The report says that a large Muslim population, low penetration of Sharia banking
and improvement in regulatory framework will drive the Sharia banking industry in
Indonesia to cross Rp 119 Trillion by 2010.

As part of its efforts to support the Sharia banking industry in the county, the
Central Bank of Indonesia is following a blueprint that is aimed at strengthening
the Islamic banking industry by 2015, says the report. As per the blueprint, the
industry development will be focused on increasing the efficiency of the Islamic
banking, integrating the Islamic banking into Islamic financial industry, and
conforming to global Islamic banking standards. With this development strategy,
along with the revival of the Islamic religion that is popularizing the Sharia
banking products in the country, the sector will see concrete growth in near future.

Amidst the rising popularity of Sharia banking in Indonesia, says the research
report, the demand for Sharia financing will surge at an expected CAGR of more than
51% from 2008 to 2010. The demand of Sharia financing will be driven by lending to
SMEs (Small & Medium Enterprises), which will be able to increase and meet their
working capital requirements without compromising on their own ethical values.

“Sharia Banking System in Indonesia” is an extensive and in-depth
analysis that enables clients to understand the Islamic banking industry in the
Southeast Asia country of Indonesia. The RNCOS research provides strategic insight
into the banking industry in Indonesia and helps clients to identify the growth
opportunities in the market.

The report thoroughly studies the Sharia banking industry and gives forecast on
various important parameters of the industry, including disposable income, deposits
with Sharia banks and financing by Sharia banks.

About RNCOS:

RNCOS, incorporated in the year 2002, is an industry research firm. It has a team of
industry experts who analyze data collected from credible sources. They provide
industry insights and analysis that helps corporations to take timely and accurate
business decision in today\'s globally competitive environment.

For more information visit: http://rncos.com/Report/IM079.htm
Current Industry News: http://www.rncos.com/Blog/

Web Site: http://www.rncos.com

Contact Details: 29, 1st Floor, Patparganj Industrial Area, Delhi 92
91-11-4214-1229
91-11-4214-1228
info@rncos.com