Title:
THE PROSPECT OF SHARIA BANKING IN INDONESIA (OPPORTUNITIES, CHALLENGES AND SOLUTIONS)

Authors:
Faizi Zaini,Dr. Mohd Sollehudin Bin Shuib,Dr. Muhammad bin Ahmad ,Malaysia

Abstract:
As the country with the largest Muslim population in the world, Indonesia should be the pioneer and mecca of Islamic finance development in the world. This is not an 'impossible dream' because the potential of Indonesia to become a global player of Islamic finance is very large, including: (i) the large number of Muslim citizens to be potential customers of the Islamic finance industry; (ii) a bright economic outlook, reflected by relatively high economic growth (range 6.0% -6.5%) supported by solid economic; (iii) increasing Indonesia's sovereign credit rating to investment grade that will increase investor interest in investing in domestic financial sector, including sharia financial industry; and (iv) have abundant natural resources that can serve as underlying transactions of the sharia financial industry. This paper is the writing of exploration, therefore the nature of writing is descriptive. The data used is obtained from the research library (library research) in the form of books, theses, journals, papers, magazines, and all information related to the development of Islamic banking, I will collect and describe in the discussion, from the exposure writer will try to make a picture about the prospect of sharia banking in Indonesia