REPUBLIKA.CO.ID, JAKARTA – A number of Islamic banks keep their existing margin rates, while lending rates of conventional banks tend to be lower. Those banks are optimistic that the margins rates still attractive to consumers.

BNI Syariah for instance, set its margin rate about 11-13 percent for murabahah financing. Business Director of BNI Syariah, Bambang Widjanarko, believed the margin was still competitive in the market. “The pricing is quite competitive and we do not plan to lower it,” Bambang said on Wednesday.  

Yet another Islamic bank, BRI Syariah admitted the option to reduce the margin rate was still on the table. Business Director of BRI Syariah, Ari Purwandono, predicted that the margin rates of Islamic financing would be lower, as the simliar trend was shown in conventional banking. BRI Syariah set its margin rate between 11 and 13 percent.

Meanwhile, Retail Director of Bank Muamalat, Adrian A Gunadi, said that the bank planed to review its margin rate of murabahah financing, which at the time was set around 10-12 percent annually. The review plan aims to attract more customers while conventional banks slash their lending interest rates.    

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