However, by July 2016, the growth of Islamic banking has rebounded to reach 12.0% y.o.y, while its conventional counterpart still showed down trend to reach 7.2% y.o.y. Meanwhile, the share of Islamic banking has been stagnant at 4.8%. 9.
Nevertheless, Islamic banking in Indonesia is claimed to be the biggest retail Islamic banking in the world with more than 18 million customers and more than 4.500 branches in 2015. 10. The development of Sukuk in Indonesia showed a slight down trend for corporate sukuk in 2009-2014 and for government sukuk in 20112014.