Praise for Islamic Banking in Indonesia
"As the most populous Muslim country, there is tremendous potential for Islamic banking in Indonesia. In this pioneering study, Dr. Rifki Ismal assesses the progress to date of Islamic banking in Indonesia and the challenges facing the industry. The profile of existing depositors is examined as well as those seeking Shari'ah-compliant finance. Risk management and regulatory issues are discussed in detail, notably how constraints on liquidity can be overcome. Overall, the book makes an important contribution to the empirical literature on Islamic finance which will be of interest to academic researchers, as well as bankers and other professionals."
—Rodney Wilson, Emeritus Professor, Durham University, UK; Professor, INCEIF, Malaysia
"Islamic banking in particular has developed common standards and practices,and has attracted the interest of players and investors outside the Muslim community. Yet, its economics and implications for financial stability are generally not well understood. Islamic Banking in Indonesia makes a significant contribution to our understanding by linking its foundations not only to the fundamentals of Islamic banking, but also to classical Western banking thought. It provides a convincing analysis of the structural weaknesses of conventional finance, and the role of monetary policy in causing misallocation of resources and boom-and-bust cycles."
—Prof. Dr. Mohammad Rusydi, Director, Australian Centre for Islamic Financial Studies, Brisbane, Australia
"This comprehensive volume is a collection of essays covering a wide range of topics on Islamic banking in Indonesia. While the focus of several chapters is on liquidity risk and its management, the book presents several theoretical and empirical studies on a variety of issues related to the demand-side and supply-side of Islamic banking. Given the potential and growth of the sector in the country, it is a valuable source of information for anyone who would like to study Islamic banking in Indonesia."
—Professor Habib Ahmed, PhD, Sharjah Chair in Islamic Law and Finance School of Government and International Affairs, Durham University
"This book highlights a trusted relationship between bank and entrepreneur as well as the current practices and principles of Islamic banking industries in Indonesia. I would urge those who are interested in studying about Islamic banking to refer to this book."
—M.S. Sujimon, Chair, Australian Shari'ah Board for Islamic Finance Studies (ASBIF)
