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Jakarta Post
The Jakarta Post
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Anticipating new rule on sharia banks

Jakarta | Fri, January 5, 2018 | 12:50 pm
Anticipating new rule on sharia banks Personal touch: A teller serves a customer at the sharia lender Bank Syariah Bukopin's head office in Central Jakarta on Feb. 7, 2017. (JP/Dera Menra Sijabat)

PREMIUM Soon Bank Indonesia (BI) will partially apply the averaging of reserve requirement to sharia commercial banks. So far, the reserve requirement for sharia commercial banks is just 5 percent daily, with no additional 1.5 percent as for conventional banks. Relaxing the reserve requirement will undoubtedly be good news, as the growth of sharia bank financing is slowing down. Total sharia bank finan...

Disclaimer: The opinions expressed in this article are those of the author and do not reflect the official stance of The Jakarta Post.