REPUBLIKA.CO.ID, JAKARTA - Bank Indonesia (BI) continues to upgrade Islamic banking industry. There will be a leveraging system as new rule to encourage sharia-based banking unit to take advantages of its parent institution.

"Sharia-based banking unit does not need to open office network because it can take advantage of its parent's network," Director Head of Group Research, Development and Regulation of Islamic Banking in BI, Ahmad Buchori said on Wednesday.

Buchori hopes that there will also consultancy services between Islamic banks and conventional banks in leveraging system. BI continues to educate people about Islamic economy.

"We not only cooperate with banking institution, but also non banking institution," Buchori said.

With this cooperation, BI expects to increase Islamic banking market share to 15 percent in next 10 years. However, some aspects still need improvement to achieve these targets, including exploration of untapped areas.

Some issues need to be anticipated, such as tapering issue or effect of reduction of quantitative easing of Federal Reserve of America across the world, including Indonesia. Eid Al-Fitr and increased price needs, including fuel oil price in July and August 2013 also have an impact on national banks. However, banking sector is still pretty well. 

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