Indonesia’s PT Bank Jago Launches Shariah Banking Application 

Amidst the high demand for Shariah-compliant banking services, Indonesia’s digital lender PT Bank Jago (Bank Jago) has rolled out an Islamic banking application known as Jago Syariah on the 22nd of February 2022.

Why it Matters?

With over 230 million Muslim inhabitants in the country, the new app is to serve this sizeable population and drive development in the country’s Shariah banking products. Through the application, customers are able to build up savings through a Wadiah contract that enables them to deposit funds and assets with an Islamic bank into what is named a Pocket, leveraging the digital ecosystem’s solutions that include Gojek, GoPay and Bibit.

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