In order to anticipate growth of Islamic finance that growing rapidly today, Muslim-majority countries that joined in D-8 Bangladesh, Iran, Malaysia, Egypt, Nigeria, Pakistan, Turkey, and Indonesia held Islamic Microfinance Workshop seminar.
Deputy Governor of Bank Indonesia (BI) Halim Alamsyah explained, the position of Islamic finance in the world financial landscape is increasing. According to him, World Bank Group has been recognized formally as a priority area of Islamic finance in the financial sector program.
"Islamic Microfinance as part of Islamic finance today still has small portions. However, recent years have shown rapid growth in the service and cultivate community empowerment through activities and Islamic finance transactions," said Halim role in opening remarks at the Seminar on Islamic Microfinance Workshop, at Bidakara Hotel, Jakarta, Friday (11/11/2011).
Furthermore, he explained, conducted seminars aim to support the welfare and empowerment campaign, especially in D-8 countries. "And help D-8 countries develop Islamic micro-finance program," he explained.
Halim continue, in this workshop also aims to enhance knowledge, skills and capacity of policy makers and Islamic microfinance practitioners in D-8 countries, as well as providing space for D-8 countries to share Islamic microfinance experience.
"This is to increase the attention of participants or delegates, about the importance of forming a network among D-8 countries to develop Islamic microfinance system as a way to improve the welfare of society," he concluded
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Friday, 11 November 2011
Low Record China Exports
China's exports in October 2011 grew the lowest in eight months. This raises fears of China's economic growth will slow. While imports jumped more than expected.
Customs shows the number China's exports increased 15.9 percent in October from the previous year. That number below forecasts 16.5 percent. This is the lowest growth since February due to exporters feel the chill of the global economy, especially the impact of Europe Union economic decreased, China's largest export market. Imports jumped 28.7 percent, exceeding forecasts of 23.0 percent.
The data also showed healthy growth in retail sales and investment in roads and other infrastructure and a sharp decrease in inflation. Trade surplus in October came at USD17 billion, far lower than the estimate of USD24, 9 billion.
“Low Surplus and slow export growth reflects signs of China's economic slowdown. It shows soft landing for the economy, given the CPI figures yesterday that showed a reduced price pressures," said CIMB analyst Suresh Ramanathan as reported by Reuters on Thursday (11 / 9 / 2011).
Chinese leaders also spoke in recent weeks about the macroeconomic policies to sustain economic growth, which slowed in the third quarter to 9.1 percent. This is the weakest rate in more than two years
Customs shows the number China's exports increased 15.9 percent in October from the previous year. That number below forecasts 16.5 percent. This is the lowest growth since February due to exporters feel the chill of the global economy, especially the impact of Europe Union economic decreased, China's largest export market. Imports jumped 28.7 percent, exceeding forecasts of 23.0 percent.
The data also showed healthy growth in retail sales and investment in roads and other infrastructure and a sharp decrease in inflation. Trade surplus in October came at USD17 billion, far lower than the estimate of USD24, 9 billion.
“Low Surplus and slow export growth reflects signs of China's economic slowdown. It shows soft landing for the economy, given the CPI figures yesterday that showed a reduced price pressures," said CIMB analyst Suresh Ramanathan as reported by Reuters on Thursday (11 / 9 / 2011).
Chinese leaders also spoke in recent weeks about the macroeconomic policies to sustain economic growth, which slowed in the third quarter to 9.1 percent. This is the weakest rate in more than two years