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Fitri Novia Heriani, Yanuar Pribadhie
Welcoming the regulatory shift from Bank Indonesia (BI) to the Financial Services Authority (OJK) in 2014, BI hopes that as the new supervisor of the banking industry the OJK will maintain and develop the current Islamic banking industry policies.
“We believe that the OJK will be able to do that,” said Agus Martowardojo, Governor of BI, during a seminar on the 2013 Islamic Banking Outlook in Jakarta on Monday.
While BI will no longer have the authority to oversee Islamic banking, the Governor said that BI will still monitor the financial markets and institutions that influence stability in the financial system, including Islamic banking.
“Islamic banking growth is showing positive signs. Islamic banks and business units attained 23 percent growth (year on year) as of October 2013,” emphasized the Governor.
The total assets of the Islamic banking sector, the Governor added, have reached IDR 299.5 trillion, consisting of IDR 179 trillion in financing and deposits of IDR 174 trillion. In addition, the Governor explained that there are currently 11 Islamic banks, 23 Islamic business units in commercial banks, and 160 Islamic rural banks.
Further, the Governor also added that the financing deposit ratio within Islamic banking has reached 100 percent with financing prioritized for micro, small, and medium enterprises.
“Consequently, we hope that there will be consistency in Islamic banking policy so as to be able to capitalize on the available opportunity,” concluded the Governor.
(hot/kc)
Welcoming the regulatory shift from Bank Indonesia (BI) to the Financial Services Authority (OJK) in 2014, BI hopes that as the new supervisor of the banking industry the OJK will maintain and develop the current Islamic banking industry policies.
“We believe that the OJK will be able to do that,” said Agus Martowardojo, Governor of BI, during a seminar on the 2013 Islamic Banking Outlook in Jakarta on Monday.
While BI will no longer have the authority to oversee Islamic banking, the Governor said that BI will still monitor the financial markets and institutions that influence stability in the financial system, including Islamic banking.
“Islamic banking growth is showing positive signs. Islamic banks and business units attained 23 percent growth (year on year) as of October 2013,” emphasized the Governor.
The total assets of the Islamic banking sector, the Governor added, have reached IDR 299.5 trillion, consisting of IDR 179 trillion in financing and deposits of IDR 174 trillion. In addition, the Governor explained that there are currently 11 Islamic banks, 23 Islamic business units in commercial banks, and 160 Islamic rural banks.
Further, the Governor also added that the financing deposit ratio within Islamic banking has reached 100 percent with financing prioritized for micro, small, and medium enterprises.
“Consequently, we hope that there will be consistency in Islamic banking policy so as to be able to capitalize on the available opportunity,” concluded the Governor.
(hot/kc)
Fitri Novia Heriani, Yanuar Pribadhie
Welcoming the regulatory shift from Bank Indonesia (BI) to the Financial Services Authority (OJK) in 2014, BI hopes that as the new supervisor of the banking industry the OJK will maintain and develop the current Islamic banking industry policies.
“We believe that the OJK will be able to do that,” said Agus Martowardojo, Governor of BI, during a seminar on the 2013 Islamic Banking Outlook in Jakarta on Monday.
While BI will no longer have the authority to oversee Islamic banking, the Governor said that BI will still monitor the financial markets and institutions that influence stability in the financial system, including Islamic banking.
“Islamic banking growth is showing positive signs. Islamic banks and business units attained 23 percent growth (year on year) as of October 2013,” emphasized the Governor.
The total assets of the Islamic banking sector, the Governor added, have reached IDR 299.5 trillion, consisting of IDR 179 trillion in financing and deposits of IDR 174 trillion. In addition, the Governor explained that there are currently 11 Islamic banks, 23 Islamic business units in commercial banks, and 160 Islamic rural banks.
Further, the Governor also added that the financing deposit ratio within Islamic banking has reached 100 percent with financing prioritized for micro, small, and medium enterprises.
“Consequently, we hope that there will be consistency in Islamic banking policy so as to be able to capitalize on the available opportunity,” concluded the Governor.
(hot/kc)
Welcoming the regulatory shift from Bank Indonesia (BI) to the Financial Services Authority (OJK) in 2014, BI hopes that as the new supervisor of the banking industry the OJK will maintain and develop the current Islamic banking industry policies.
“We believe that the OJK will be able to do that,” said Agus Martowardojo, Governor of BI, during a seminar on the 2013 Islamic Banking Outlook in Jakarta on Monday.
While BI will no longer have the authority to oversee Islamic banking, the Governor said that BI will still monitor the financial markets and institutions that influence stability in the financial system, including Islamic banking.
“Islamic banking growth is showing positive signs. Islamic banks and business units attained 23 percent growth (year on year) as of October 2013,” emphasized the Governor.
The total assets of the Islamic banking sector, the Governor added, have reached IDR 299.5 trillion, consisting of IDR 179 trillion in financing and deposits of IDR 174 trillion. In addition, the Governor explained that there are currently 11 Islamic banks, 23 Islamic business units in commercial banks, and 160 Islamic rural banks.
Further, the Governor also added that the financing deposit ratio within Islamic banking has reached 100 percent with financing prioritized for micro, small, and medium enterprises.
“Consequently, we hope that there will be consistency in Islamic banking policy so as to be able to capitalize on the available opportunity,” concluded the Governor.
(hot/kc)