To support economic growth, the Indonesian government is committed to making the Islamic economy a source of national economic growth, one of which is through Islamic banking. In general, the form of a sharia bank business consists of a Commercial Bank and a Sharia Rural Bank, with a number of main differences. Banks are basically entities that collect funds from the public in the form of financing or in other words carry out the function of financial intermediation. There are a number of differences between Islamic Commercial Banks and BPRS. Explain what you know the differences in the bank!

Survey Of Economics
10th Edition
ISBN:9781337111522
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter19: Money Creation
Section: Chapter Questions
Problem 1SQ
icon
Related questions
icon
Concept explainers
Question

To support economic growth, the Indonesian government is committed to making the Islamic economy a source of national economic growth, one of which is through Islamic banking. In general, the form of a sharia bank business consists of a Commercial Bank and a Sharia Rural Bank, with a number of main differences. Banks are basically entities that collect funds from the public in the form of financing or in other words carry out the function of financial intermediation. There are a number of differences between Islamic Commercial Banks and BPRS. Explain what you know the differences in the bank!

Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Money
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Survey Of Economics
Survey Of Economics
Economics
ISBN:
9781337111522
Author:
Tucker, Irvin B.
Publisher:
Cengage,