The GROWTH OF SHARIA BANKING IN ASIA

  • Mochammad Fahlevi Kusuma Negara Business School https://orcid.org/0000-0002-1419-8308
  • Nendi Juhandi Kusuma Negara Business School
  • Bambang Rahardjo Kusuma Negara Business School
  • Hestin Agus Tantriningsih Kusuma Negara Business School
Keywords: sharia, bank, sukuk, takaful, asia

Abstract

In the early days of the development of sharia banking between the period 1980-1990, the sharia banking industry focused only on the Middle East and Southeast Asia, or on countries that have a majority Muslim population. Since then sharia banking has grown very rapidly beyond 75 countries in the world. Sharia banking is believed to be the solution to the problems faced by banks today, from the only "basic banking" in the 1990s, the sharia banking industry developed wings to broader segments such as sukuk (sharia bonds), management assets, and takaful sharia insurance ) The growth of sharia banking assets from USD 150 billion in the 1990 period became USD 1.9 Trillion at the end of 2013, and was predicted in 2020 to be USD 6.5 Trillion. At present, sharia banking dominates 80.4% in "sharia financial assets". Sharia banking is currently an alternative choice for conventional banking, not only growing in Muslim countries but also in other countries.

Author Biography

Mochammad Fahlevi, Kusuma Negara Business School

Experienced Research Executive in Finance and writing several books and journals. Having experienced as well became lecturer at School of Business Kusuma Negara, with materials such as Finance, Islamic Banking, Business, Feasibility Studies, and Research Methodology. Education & Experience Graduated with Master of Management degree in Management, School of Business Kusuma Negara, Jakarta Graduated with Master of Philosophy degree in Philosophy studies, Islamic College, London PhD Candidate in Management, University of Brawijaya, Malang

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Published
2019-04-08
How to Cite
Fahlevi, M., Juhandi, N., Rahardjo, B., & Tantriningsih, H. (2019). The GROWTH OF SHARIA BANKING IN ASIA. Journal of Research in Business, Economics and Management, 12(2), 2341-2347. Retrieved from http://scitecresearch.com/journals/index.php/jrbem/article/view/1708
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Articles