Indonesian Islamic Banking Gaining from Financial CrisisBy: Shushmul Maheshwari
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Indonesian Islamic Banking Gaining from Financial Crisis
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According to a recent research report “Indonesian Islamic Banking Outlook to 2013” by RNCOS, a leading research firm, with low penetration and growing interest of conventional banks into Sharia-compliant banking services (Islamic banking), the Islamic banking industry (in terms of assets) in Indonesia would continue to grow at a CAGR of over 50% between 2009 and 2012.
As per the research, Islamic banking in Indonesia is at its early stages of developments. It still makes up just about 2% of conventional banking system in the country. However, Bank of Indonesia (central bank) has set a target to push it to 5% by 2010 end. Thus, the country provides ample opportunities for new entrants in the system. Recently, two more conventional banks have converted into Islamic banks, BRI Syariah and Bukopin Syariah. Further, the industry expects at least five more by 2009 end - Panin-Hafra, BCA-UIC, Victoria, Maybank Indonesia and BNI Syariah.
The report also noted that the financial crisis has had no negative impact on the development of Sharia banking in the country. While the conventional financial system is reeling under the pressure of global financial crisis, the Sharia banking industry of Indonesia is benefitting from it and expects to continue its fast-paced growth in the years to come. This optimistic view is based on its very nature (avoid involvement of interest rates), and a healthy growth in lending in the recent months despite financial crisis.
“Indonesian Islamic Banking Outlook to 2013” provides a comprehensive research and prudent analysis on the Islamic banking in Indonesia. This extensive research will help the clients to identify the market trends and evaluate the leading-edge opportunities critical to the success of the Islamic banking market in the country. This study gives an overview on the various factors driving the banking industry, together with the forces that are blocking the growth of the industry.
This research supplements the past and current information on the Indonesia Islamic banking market with forecast on various important industry aspects, including Muslim population, disposable income, Sharia financing and deposits.
For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM180.htm
Check DISCOUNTED REPORTS on: http://www.rncos.comhttp://www.rncos.com |
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| Keywords |
Indonesian Islamic Banking Outlook to 2013, Banking Industry in Indonesia, Islamic Banking, Islamic Banking Market, Islamic Commercial Banks |
| Category |
Finance |
| Submission Date |
May 21, 2009 |
| Article Contact Name |
Shushmul Maheshwari || send email to Shushmul Maheshwari
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Other links at Finance |
| 1. |
Turks to Swipe Credit Cards More than Debit Cards
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According to the recent research report “Turkey Banking Sector Forecast to 2012” by RNCOS, the increasing preference for cash-less transaction and availability of various card products will fuel the usage of financial cards in future in Turkey. Also, the rising tendency of credit repayment among consumers will drive the circulation of financial cards in coming years.
Credit cards will see a more favorable scenario in coming times. The rising circulation of credit cards will outpace the growth rate of debit cards in circulation during 2009-2012. The number of credit cards in circulation is anticipated to grow by around 11% as compared to just 4% in case of debit cards.
Like global trend, the debit and credit cards marked considerable annual increase in Turkey. The number of credit cards, which was 32.4 Million by the end of 2006, rose by 15.1% by the end of 2007 reaching 37.3 Million. The number of debit cards in the same period reached 55.5 Million with an increase of 3.7%. Due to the widespread use of debit and credit cards, the number of Point-of-Sale (POS) terminals and ATMs has been increasing continuously in recent years, says the report.
The analysis of the volume and value of debit card transactions shows a year-on-year increase in the use of debit cards. On the other hand, debit cards are mainly used for withdrawing cash rather than purchasing. Out of the 619.7 Million debit card transactions made in 2007, a huge 88.1% comprised cash withdrawal transactions.
“Turkey Banking Sector Forecast to 2012” is an extensive research that provides a detailed overview on the Turkish banking industry. This report underlines the factors responsible for the growth of the industry, market opportunities and challenges threatening the market growth.
This report provides segment-wise analysis, forecast, latest market trends, and future potential areas in the banking sector of Turkey. The extent of the information covered in the report will help the clients in understanding the market dynamics and position themselves accordingly in this highly lucrative sector.
For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM177.htm
Check DISCOUNTED REPORTS on: http://www.rncos.com
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| 2. |
RNCOS Releases a New Report- Bulgaria Banking Sector Analysis
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RNCOS has recently added a new Market Research Report titled, "Bulgaria Banking Sector Analysis" to its report gallery. The report is an analytical study of the thriving banking industry of the southeastern European country, Bulgaria, by RNCOS. It evaluates the product quality and the services provided by the Bulgarian banking industry. This report helps clients to dissect the leading-edge opportunities critical to the success of the banking industry in the country and detailed data supported with analysis helps investors, financial service providers, and global banking players to navigate through it.
Market Analysis
The demand for banking services has grown as confidence in the sector has gradually returned and incomes increased since 1997. Total assets of the commercial banks rose by 45% in local-currency terms in 2005 and are estimated to have grown by around 23% in 2006. Banks have increased their lending, particularly to households, and have shifted away from their previous pattern of holding large deposits overseas. With the government running a budget surplus since 2003, lending to the private sector has been growing more quickly than total lending. After these increases, loans to the non-financial sector accounted for 66% of deposits in September 2006.
The Bulgarian economy is still mainly cash-oriented, but the use of debit cards is increasing. Credit cards are still not often used in the country, but the expansion of e-commerce and international travel is boosting the demand for this service in the country. Moreover, the creation of a centralized credit-reporting agency in 2004 will make it easier for the banks to offer credit cards to their customers.
Key Findings
- Bulgaria is one of the fastest growing countries in Eastern Europe by assets, loans, deposits and profitability of the sector.
- Housing mortgage loans is one of the hottest markets for the Bulgarian banking industry and is forecasted to grow at a CAGR of nearly 88% for the period spanning from 2007 to 2010.
- The credit card market in Bulgaria is all set to take off in a big way as it has a significant potential for expansion because only 3% of payment transactions are made by credit card.
- Point of Sale (POS) Terminals are growing more rapidly as compared to ATMs in Bulgaria.
- Among the deposits category, time deposits are anticipated to take lead over other kind of deposits from 2007 to 2010.
Key Issues & Facts
- Why Bulgaria is an attractive banking market?
- How competitive is the Bulgarian banking industry?
- What is hottest market for bank loans?
- What kind of deposits are set to boom?
- What are the various opportunities and challenges for the industry?
- What are the prospective areas of investment for the banks in near future?
- Which factors will lead to the growth of payment cards, loans and deposits in Bulgaria?
Key Players
This section provides business overview and key financials of top players operating in the Bulgarian banking industry, including DSK Bank, Bulbank, United Bulgarian Bank (UBB), Raiffeisenbank and First Investment Bank.
Research Methodology Used
Information Sources
Information has been sourced from various authentic sources like books, newspapers, trade journals, and white papers, industry portals, government agencies, trade associations, monitoring industry news and developments, and through access to over 3000 paid databases.
Analysis Methods
The in-depth analysis of the report has been done by using several methods, like ratio analysis, historical trend analysis, and linear regression analysis using software tools, judgmental forecasting and cause and effect analysis.
For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM587.htm
Check DISCOUNTED REPORTS on: http://www.rncos.com
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| 3. |
RNCOS Releases a New Report- Sharia Banking System in Indonesia
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RNCOS has recently added a new Market Research Report titled, "Sharia Banking System in Indonesia" to its report gallery. The report gives an extensive research and in-depth analysis on the Sharia banking market in Indonesia and helps clients to analyze the opportunities being opened by the market. Based on this analysis, the report gives a future forecast of the market intended as a rough guide to the direction in which the market is likely to move.
The Sharia banking industry is developing rapidly worldwide. While it makes sense for global financial institutions to foster growth, exploit the opportunities offered by the Sharia banking market, and keep themselves regularly updated against the status of Sharia banking market in some of the emergent countries, it is worthwhile to keep eyes on developments in Sharia banking markets.
Key Findings
- Sharia banking market is expected to see huge growth at a CAGR of about 52% during 2008-2010.
- Growing Sharia banking in Indonesia will offer ample opportunities to Sharia financial cards and Sukuk (Islamic Bonds) market in coming few years.
- There will be vast opportunities for Small & Medium Enterprises as Sharia bankers are aggressively targeting this segment.
- In terms of financing and deposits, the Indonesian Sharia banking market is expected to see phenomenal growth in coming years.
Key Issues & Facts Analyzed
- What is Sharia banking and how is it different from conventional banking?
- What is the present status of the Sharia banking in Indonesia?
- What are the factors which are driving Sharia banking in Indonesia?
- What is the future of Sharia banking in terms of assets, financing and deposits?
- What are the future growth prospects?
- What are the challenges for the growth of Sharia banking in Indonesia?
- Who are the major players in the Indonesian Sharia banking market?
Key Players
This section provides business overview and key financials of top players in the Sharia banking market of Indonesia, including Bank Muamalat Indonesia, Bank Danamon Sharia and HSBC Amanah Sharia.
Research Methodology Used
Information Sources
Information has been sourced from books, newspapers, trade journals, and white papers, industry portals, government agencies, trade associations, monitoring industry news and developments, and through access to over 3000 paid databases.
Analysis Methods
The analysis methods include ratio analysis, historical trend analysis, and linear regression analysis using software tools, judgmental forecasting, and cause and effect analysis.
For FREE SAMPLE of this report visit: http://rncos.com/Report/IM079.htm
Check DISCOUNTED REPORTS on: http://www.rncos.com
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| 4. |
RNCOS Releases a Report- Indian Mutual Fund Industry
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RNCOS has added a Market Research Report titled, “Indian Mutual Fund Industry”, to its report gallery. The Indian mutual funds industry is witnessing a rapid growth as a result of infrastructural development, increase in personal financial assets, and rise in foreign participation. With the growing risk appetite, rising income, and increasing awareness, mutual funds in India are becoming a preferred investment option compared to other investment vehicles like Fixed Deposits (FDs) and postal savings that are considered safe but give comparatively low returns, according to “Indian Mutual Fund Industry”.
This report provides a detailed analysis along with current and future outlook of the Indian mutual fund industry and explores the market development and potential. The forecasts and estimations given in this report are not based on a complex economic model, but are intended as a rough guide to the direction in which the industry is likely to move.
Key Findings
- The Indian mutual funds retail market, growing at a CAGR of about 30%, is forecasted to reach US$ 300 Billion by 2015.
- Income and growth schemes made up for majority of Assets Under Management (AUM) in the country.
- At about 84% (as on March 31, 2008), private sector Asset Management Companies account for majority of mutual fund sales in India.
- Individual investors make up for 96.86% of the total number of investor accounts and contribute 36.9% of the net assets under management.
Key Issues & Facts Analyzed in the Report
- What are the key factors fueling growth into the Indian mutual fund market?
- Which are the fastest growing products?
- What are the key growth prospects?
- What are the key challenges for the market?
- How the market is likely to move in future?
Key Players
This section provides business analysis of key players in the Indian mutual fund market, including Reliance Capital, BOB and HDFC.
Research Methodology Used
Information Sources
Information for this report has been sourced from books, newspapers, trade journals, white papers, industry portals, government agencies, trade associations, monitoring industry news and developments, and through access to more than 3000 paid databases.
Analysis Methods
The analysis methods used in this report include ratio analysis, historical trend analysis, linear regression analysis using software tools, judgmental forecasting, and cause and effect analysis.
For more information visit: http://rncos.com/Report/IM142.htm
Current Industry News: http://www.rncos.com/Blog/
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| 5. |
India’s New Pension System has Huge Potential
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With huge untapped potential and privatization of New Pension System (NPS), India’s NPS has the potential to reach Rs 12 Trillion in the 12th year of its launch, as per the findings of our new research report, “Indian Pension Fund Market Forecast to 2013”.
Our estimation shows that there are close to 80 Million Indian workers who have no social security and most of them can’t afford pension plans offered by the Indian life insurers, particularly private life insurers. The minimum premium ranges from INR15000 to INR18000 per annum. However, this premium is much lower (Rs 6000/annum) under the NPS. Thus, New Pension System is quite affordable and makes sense for a country like India, where income disparity is the major concern.
Of this 80 Million, around 16 Million workers are estimated to be “prime prospects”, which are likely to start saving immediately, said RNCOS report. Participation rate at this level would produce pension fund of Rs 12 Trillion under the NPS in the 12th year of its operation. If the latent demand for pensions from these groups were fully harnessed, Indian workers would contribute an estimated Rs 57,000 Crore to the NPS in the first full year of operation based on differential capacity to pay by different income group.
“Indian Pension Fund Market Forecast to 2013” is an extensive research report that comprises quality research and in-depth analysis on the pension market in India. It gives a broad overview of the emerging market trends, recent developments and their impact on the market. The report helps clients to identify the leading-edge opportunities, prospective customer base, key players, future outlook and all other factors which are critical for the success of a new entrant in the Indian pension market.
For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM016.htm
Check DISCOUNTED REPORTS on: http://www.rncos.com
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