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  • Barriers and Challenge - Luthfan Abel Alghifary

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    Islamic Banking Law Assignment discusses the barriers and challenges of Islamic banking in Indonesia. Specifically, it notes that Sharia banks have more limited capabilities than traditional banks and some markets do not recognize Sharia bank payments. It also mentions that society views Sharia banks as new with less reputation compared to traditional banks, so people are afraid to put money in them. Additionally, some Sharia banks are still legally entities of traditional banks, but regulations require them to separate which will take time.

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    Islamic Banking Law Assignment discusses the barriers and challenges of Islamic banking in Indonesia. Specifically, it notes that Sharia banks have more limited capabilities than traditional banks and some markets do not recognize Sharia bank payments. It also mentions that society views Sharia banks as new with less reputation compared to traditional banks, so people are afraid to put money in them. Additionally, some Sharia banks are still legally entities of traditional banks, but regulations require them to separate which will take time.

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    © All Rights Reserved
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    17 views1 page

    Barriers and Challenge - Luthfan Abel Alghifary

    Uploaded by

    Alghifxry
    Islamic Banking Law Assignment discusses the barriers and challenges of Islamic banking in Indonesia. Specifically, it notes that Sharia banks have more limited capabilities than traditional banks and some markets do not recognize Sharia bank payments. It also mentions that society views Sharia banks as new with less reputation compared to traditional banks, so people are afraid to put money in them. Additionally, some Sharia banks are still legally entities of traditional banks, but regulations require them to separate which will take time.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    Luthfan Abel Alghifary – 20410800

    Islamic Banking Law Assignment

    Barriers and Challenge of Islamic Banking In Indonesia:

    1. Sharia Bank's capabilities are still limited compared to traditional banks.There are still some
    markets that do not recognize payments with Sharia Bank.
    2. Society considers Shariah Bank to be a 'new' branded bank compared to traditional banks, so
    Shariah Bank does not have enough reputation or people are too afraid to I can't keep my
    money in a bank that I've recently built integrity with.
    3. There are still some Shariah banks with traditional banks under Shariah legal entities, but
    there are regulations on the obligation to separate these banks, but it will take time to do so.

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