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Sharia-compliant banking grew at an annual rate of 17.6% between 2009 and 2013, faster than conventional banking, [11] and is estimated to be $2 trillion in size, [11] but at 1% of total world, [11] [12] [205] still much smaller than the conventional sector.
[2] Unlike Malaysian civil courts, which are federal in scope, Syariah Courts are primarily established by individual state law. Similarly, Islamic law is a matter limited to each state, with the exception of the Federal Territories of Malaysia, as provided in Article 3 of the constitution. Thus, the application of sharia law may differ among ...
[2] The economic situation was dire because of high inflation (due to circulation of De Javasche Bank money, Dutch East Indies money and Japanese Yen). Dr. Samsi, as Minister of Finance, had information that Escompto Bank in Surabaya held reserve money from the Dutch Colonial Government. [1]