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Indonesia’s ‘born-again’ Muslims quit banks for Islamic finance

21 June 2021: Indonesia’s ‘born-again’ Muslims quit banks for Islamic finance

A rise in religious conservatism in Indonesia is drawing talent away from what some view as “un-Islamic” jobs in banking, industry professionals say, creating hiring woes for conventional banks but a boon for the country’s fledgeling Islamic finance sector.

The trend comes amid a broader societal change in the world’s biggest Muslim-majority country, driven by millions of young, “born-again” Muslims embracing stricter interpretations of Islam.

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