Islamic Banking still safe despite the high FDR

REPUBLIKA.CO.ID, JAKARTA -- Ratio of finance to deposit ratio (FDR) of Islamic banking reached 121.46 percent until the end of December 2013. This figure jumped up to seven digits compared to 118 percent in last year.

However, Financial Services Authority (OJK) is still not set a minimum threshold to Islamic banking. OJK commissioner on banking supervision, Nelson Tampubolon said that the figure was still a small portion compared to conventional banks. Therefore, OJK will still give a chance to expand Islamic banks.

Based on data, Islamic banking financing reached 179.2 trillion IDR by the end of December 2013. The third party funds was recorded 138 trillion IDR.

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