VOICED: Indonesia plays catch-up in Islamic finance

The video discusses the rise of Islamic banking in Indonesia, highlighting the limited number of banks offering Sharia-compliant services despite a large Muslim population. It introduces Sukuk bonds, a form of Islamic finance that prohibits interest and speculation, which have been highly successful in Indonesia. The government sees Sukuk as a promising tool to address budget deficits and economic challenges. The video also explores the potential for global adoption of Islamic bonds, noting their appeal as a stable financial instrument in uncertain markets.

What percentage of the population in Indonesia is Muslim?

What is the main principle that Islamic banking adheres to regarding interest?

What are Sukuk and how do they relate to Islamic finance?

Why is there a high demand for Sukuk in Indonesia?

How can Islamic banking be beneficial for countries outside of Islamic nations?