JAKARTA -- Islamic finance has thrived in Indonesia despite the coronavirus, with banks and fintech companies rushing to tap the growing field even as the pandemic squeezes the country's banking sector overall.
Business trends
Islamic finance in Indonesia fends off coronavirus chill
Banks and app tap growing demand in world's largest Muslim country
A Bank Mandiri employee meets with a customer in Jakarta. To comply with Islamic law, banks can offer lease deals instead of interest-bearing loans. (Photo by Koya Jibiki)
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