Islamic loan books shift towards profit-sharing in Indonesia, Pakistan

April 30, 2015 11:23 AM

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April 30 (Reuters) - The make-up of Islamic banks' loan books is changing in Pakistan and Indonesia with the growing use of profit-sharing contracts that could help Islamic finance win more customers in the two largest Muslim-majority countries.

Over the past year Pakistan and Indonesia have stepped up efforts to develop their Islamic finance sectors, with regulators and religious scholars addressing criticism that the industry often merely mimics conventional finance.

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