February 9th, 2009
JAKARTA, Monday – Bank Indonesia merelaksasi rules back to stimulate the growth of sharia banking. Bank Indonesia is planning lower minimum capital of commercial banks is derived from sharia release (spin off) sharia business unit.
Director of Bank Syariah BI Ramzi A Zuhdi last week in Jakarta explained, BI is planning lower minimum capital of commercial banks sharia (BUS) the spin off of Rp 1 trillion to Rp 500 billion. The Terms, said Ramzi, now still in the process of finalization and possible rise in the form of Bank Indonesia Regulation (PBI) in March 2009.
Revise the rules that means PBI No. 11/3/2009 of the General Bank Syariah the establishment BUS minimum capital of Rp 1 trillion. BUS through the establishment can spin off business units sharia (UUS), or BUS establishment that is new. Minimum capital for the establishment BUS that is new does not change, still means Rp 1 trillion.
With the new regulation is expected that conventional banks have UUS run immediate spin off. With a BUS, management becomes more focused so that growth can be faster. Currently there are five new BUS. The number of UUS reach 26 units.
BNI President Director Gatot M Suwondo states will spin off as soon as possible to the rules so the new minimum capital regulations. After the spin off and a new stand BUS, according to Gatot, Islamic Corporation for the Private Sector (ICD), which is a subsidiary of Islamic Development Bank (IDB), will enter as a strategic investor. At the initial stage, ICD plan will inject capital 250 million U.S. dollars, or about Rp 2.5 trillion.
BI is targeting growth of sharia banking aggressive in 2009. Total assets at the end of 2009 targeted Rp 80-90 trillion, double the assets compared with the end of 2008. One of which is the Festival adopted Sharia Economics.
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