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Sharia Bank Does Not Participate in Basel II

JAKARTA: Sharia Banking is not obliged to follow provisions of Basel II Accord such as targeted terha? Dap conventional bank in 2010, both concerning the provision and quality of capital financing. Director of Bank Indonesia Sharia Banking Ramzi A. Zuhdi said for a while sharia banks are not required to follow provisions of the capital adequacy ratio of 12% or increase the risk of default in accordance with the Basel II plan implemented next year. "The Sharia bank policy is different from the conventional commercial banks so that the settings are not following the issue of public banks because the characteristics of different industries with conventional sharia," he said in Jakarta last week. Ramzi menuturkan sharia banking still takes longer to tighten regulations in accordance with international standards.

According to him, the rules applicable at this time is quite adequate. Implementation of policies against sharia banking, sambungnya, will be undertaken in accordance with the growth of the industry itself and will not compare to the conventional banks that grow faster than bank syariah. "For some things, we would provide the policy is similar to other commercial banks, such as related to the provision of liquidity through short-term loan facility and Repo securities sharia." Ramzi added that the policy differences to consider the projected changes in sharia banking is no longer pursuing market share to overtake the conventional gap between the industry is too large, so it is difficult to Sharia bank mengejarnya. For that, he added, the performance of Sharia bank focused on pursuing growth in the assets that will be targeted this year grew 25%. He said in 2008 still sharia banking assets grew 30% to reach Rp52 trillion. According to BI, to November 2008 Sharia bank collect the funds of third parties Rp34, 42 trillion, up from the previous year Rp28, 01 trillion. Financing can also grow into Rp38, 5 billion increase from the previous of Rp27, 9 trillion. This is, push up growth into profit Rp58 billion from Rp54 billion previously. Ramzi add sharia banking has grown larger with the inclusion of plans Asia International Bank Syariah, the bank owned by Middle Eastern investors and original mix of Asia, which will enliven the national sharia banking competition in this year with investment plans worth Rp1 trillion. So the alternative to separate development, the Chairman of the Association General bankers Indonesia (IBI) Agus Martowardjojo says sharia economic system must be developed further into an alternative system in the middle of the economic crisis of global shocks. "Now this Islamic economic system should be further developed and the base starts with the law," he said on the sidelines of the Economic Society Conggress Sharia in Jakarta, last week. According to him, at this time of need once the socialization of the economic system as part of sharia economy of Indonesia, although its development in the country more slowly compared with other countries. He argued that economic development should be developed in the sharia not only people who understand financial instruments related to sharia, but also the institutions, both from the banking, capital markets, insurance and pension funds Meanwhile, the Sharia Economy Society (MES) is planning to increase public understanding of the economic system Sharia, both emotional understanding into the intellectual awareness. Chairman of the General MES Muliaman D. Hadad said the policy middle of preparing a sharia economic socialization integrated, so the system can be received all of the community. "For organizations that MES have a more active policy in mengedukasi community which is a large frame of the overall socialization," he said. (11/17) (redaksi@bisnis.co.idThis email address is being protected from spam bots, you need Javascript enabled to view it) Bisnis Indonesia, 27/1/2009

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