As the most populous Muslim - majority country in the world, Indonesia would seem an obvious target for investment in Islamic finance. However, in a country of 255 million people only 36% of the population have a bank account.

On December 28, 2015, the Financial Services Authority issued new regulations governing venture capital business, which was previously regulated by the Ministry of Finance,

In recent years, Indonesia's Fintech sector has grown rapidly and made considerable impacts on the country's financial services.

Islamic Finance Comparative Guide for the jurisdiction of Indonesia, check out our comparative guides section to compare across multiple countries