Bank Indonesia holds The 3rd Bank Indonesia International Seminar on Islamic Finance on 30-31 May 2013, in Bali. The seminar's theme is, "A New Phase of Islamic Finance: Capturing the Untapped Area to Improve the Quality of Economic Development".The se…
Bank Indonesia holds The 3rd Bank Indonesia International Seminar on Islamic Finance on 30-31 May 2013, in Bali. The seminar's theme is, "A New Phase of Islamic Finance: Capturing the Untapped Area to Improve the Quality of Economic Development".The se…
Just in time for the beginning of 2013, Bank Indonesia (BI) introduced several new regulations serving to improve banks’ competitive and operating efficiencies, maintain stability via capital enhancement and ensure long-term sustainable growth among other things. Some of the rulings are higher CAR for higher-risk profiled banks, limitation in banking activities based on banks’ tier I capital, and productive loans with minimum MSME to limit credit risk.
Islamic Banks expect rapid growth in 2013. According to a central bankier, Indonesian banks will register higher profits in upcoming year despite more stringent rules imposed by the Indonesian central bank. The total amount of Islamic assets including …
According to a statement by Fitch Ratings, Indonesia’s consumer finance will probably see an improvement in the underwriting quality and regulatory consistency. The precondition is that Bank Indonesia harmonises prudential rules for sharia-compliant pr…
Indonesian central bank plans to strengthen payments on housing and automotive loans at Shariah banks. New requirements will be similar to those of conventional lenders for housing and vehicle loans issued on March 15. Due to new regulation, which took…
Indonesia plans to let Shariah-compliant banks hedge against exchange-rate movements. This way, the growth in Islamic financial assets will be stimulated and the gap with Malaysia’s industry will be narrowed. The instruments, available in Malaysia si…
The 25th Board of Directors meeting of the International Islamic Financial Market (IIFM) took place on December 11 at Islamic Development Bank (IDB) offices in Jeddah. Present at the meeting were senior representatives from IDB, Central Bank of Bahrain…
Shariah loans increased by almost half in the first six months of the year. The reason was the rapid expansion of Shariah banks in Indonesia.
Mulya Siregar, director of Shariah banking at Bank Indonesia, stated that Shariah loans rose 49 percent to Rp …
Central bankers from Malaysia, Indonesia have met in Jakarta on 18 July 2011 and discussed the need to improve cooperation in order to boost the development of Islamic finance in the two countries.
Governor Tan Sri Dr Zeti Akhtar Aziz of Bank Negara Ma…
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