Five Indonesian banks including Bank Central Asia, the No. 3 lender, expect to launch standalone sharia units next year.
A revised law on value added tax, which removed double taxation in the Islamic market, is expected to encourage more banks to start Shariah banking subsidiaries.
http://uk.reuters.com/article/idUKJAK48943020091023?rpc=401&pageNumber=1&virtualBrandChannel=11564
