Besides, developing the sharia financial industry will also allow sharia banks to grow more rapidly. This mutually beneficial interaction will expand the share of sharia banks in our national banking industry. The global excess liquidity phenomenon that principally stems from the middle-east leaving the US market after the implementation of the Patriot Act will help develop the sharia financial industry further.
Many other countries such as Qatar, United Arab Emirates, Malaysia, Japan and Singapore have also taken strategic steps and have been successful in attracting the excess liquidity. Malaysia and Singapore have even used Indonesia as a source of funds through attractive sharia instruments.