Sharia banking not "cosmetic" - Indonesia's Siti

"We don't want the sharia units to be mere 'cosmetic lipstick' for the banks, where they say they have such Islamic-based banking businesses but the fact is the units only have an inappropriately small market share," deputy governor of the Bank Indonesia Siti C. Fadjrijah was quoted as saying by Antara, a news service at a sharia banking event in Jakarta.

Bank Indonesia has told local banks not to use their sharia banking units just as a "sweetener" to attract customers.

"Sharia businesses mu