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  • THE FUTURE OF ISLAMIC BANKING AND FINANCE IN INDONESIA
    ROMI ADETIO SETIAWAN
    Sharia-compliance is the raison d’etre of Islamic banks. All of their instruments and activities should be based on sharia principles, which unfortunately exposes them to greater risks than their conventional counterparts, regulated under the dual banking system in Indonesia. These include inconsistencies between fatwas, unique reputational risks, and inefficiencies in the regu...

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