| Issue Number : 4474

New OJK Regulation on Sharia Commercial Banks to Come into Force on 1 December 2022

In an effort to encourage the further development of sharia commercial banks (“Sharia Banks”),[1] the Financial Services Authority (Otoritas Jasa Keuangan – “OJK”) recently issued Regulation No. 16/POJK.03/2022 on Sharia Commercial Banks (“Regulation 16/2022”), which is set to serve as the new legal framework for Sharia Banks. When it is finally promulgated, Regulation 16/2022 will repeal and replace the following regulations:[2]

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In an effort to encourage the further development of sharia commercial banks (“Sharia Banks”),[1] the Financial Services Authority (Otoritas Jasa Keuangan – “OJK”) recently issued Regulation No. 16/POJK.03/2022 on Sharia Commercial Banks (“Regulation 16/2022”), which is set to serve as the new legal framework for Sharia Banks. When it is finally promulgated, Regulation 16/2022 will repeal and replace the following regulations:[2]

......

Subscribe to read more legal analysis.

Hukumonline Pro Intelligence

Platform AI hukum terpercaya sebagai solusi komprehensif riset Anda

professionalprofessionalProfessional Solutions
professionalprofessionalUniversity Solutions
*Syarat dan ketentuan berlaku
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