Selasa 11 Aug 2015 21:42 WIB

OJK supports syndication of Islamic Bank

Rep: C09/ Red: Julkifli Marbun
OJK
Foto: Wihdan Hidayat/Republika
OJK

REPUBLIKA.CO.ID, JAKARTA – the Financial Services Authority (OJK) supported the special rules in syndication of Islamic Bank. In structural improvements for financing expansion of national Islamic banking 2015-2019, OJK expected that the Islamic financial industry can accommodate the strategic economy, including infrastructure.

"OJK will support Islamic banks through the corporate segment and long-term financing, with permissions that one fits for all," according to third excerpts policy point six.

The support will be in form of regulatory improvement, skills development, and quality of service. This program is targeted to be started in 2016.

OJK Islamic Banking director, Achmad Buchori, said that there are Islamic banks which has been syndicated with other Islamic banks and conventional banks.

"OJK support banks that have the capacity and ability to participate in infrastructure development," Buchori added, Monday (10/8).

Through the ijtima of Fatwa Committee in Indonesia, the Indonesian Ulema Council (MUI) proposed the government to create a special rule regarding syndicated Islamic banks. It means the Islamic banks can have opportunity to participate in national development.

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