REPUBLIKA.CO.ID, JAKARTA - Financial Service Authority (OJK) reported  Islamic banking asset only reached 242 trillion IDR compared to minimum target of 257 trillion IDR. 

Head of Islamic Banking Department in OJK, Edi Setiadi explained, one of the reasons is the slow down economic condition while the competition among banks in terms of liquidity also tighter. Secondly, banking categorization called BUKU I, II, III, AND IV force Islamic banking to increase its capital. In fact, core capital growth of Islamic banking as not as good as commercial banking. The other reason, islamic banking grows slower due to the increasing of non-performing financing (NPF).

"Some banks even grow their assets below 20 percent," Setiadi said on Thursday.

Based on OJK's data, Islamic banking assets by the end of 2013 reached 242 trillion IDR, while third party funds was 183-184 trillion IDR. Financing to Deposit Rasio (FDR) of Islamic banking was 102 percent and NPF (3 percent). 

Ikuti Whatsapp Channel Republika