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.

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