China’s Ant Financial reportedly raises $10 billion at $150 billion valuation

Ant Financial has raised $10 billion from a clutch of global and local investors, five people with direct knowledge of the matter told Reuters.

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Platform Banking: The way to the future for Islamic Banking

Islamic banking is entering the state of irrelevance, or impasse. Many countries adopting dual banking system are witnessing the growth of Islamic banking sector stagnating. Indonesia for instance is growing at single digit in 2017, much lower than its peak of 47% in 2011, or 15-20% in the last three years. The growth of innovative …

The Politics of Sharia Law: Islamist Activists and the State in Democratizing Indonesia

The period of study was 1945-1998. ‘Jakarta Charter’ was not included in the constitution, and a secular constitution for Indonesia was adopted. A ‘new order’ military dictatorship in 1965 saw the perpetuation of the secular-nationalist elites’s domination of the bureaucracy and military. Although movements based on ‘political Islam’ or Islamist movements were convenient allies of …

2024 Indonesian Elections: The Role of Technology, Administration and Fair Play

The General Elections Commission (KPU) of Indonesia, in preparing for the 2024 elections, faces an enormous task. They face the challenge of organizing a fair and efficient election, especially in a vast and diverse country like Indonesia. The General Elections Commission (KPU) will have the task of managing the logistics, ensuring voter accessibility, and maintaining …

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