Monday, September 06, 2010

BANKING - Financial Service Supervisory OJK must understand Islamic Economic


Jakarta, (23/8). The breakfasting even hosted by Asosiasi Bank Syariah Indonesia (Asbsindo) last Friday (20/8) become interesting when one of Islamic finance observer, Imam Sugema, said that the supervisor of financial services (OJK-otoritas jasa keuangan) must understand the nature of Islamic transactions.  Otoritas jasa keuangan (OJK) has been established by law in 2010, which has the responsibility to supervise, banking, insurance and capital market transactions.
Furthermore, at the breakfasting event, Imam called for the regulator of such institutions that to appoint the stakeholders of Islamic finance to manage the OJK for the advantage of Islamic finance institutions.

“I wished that the one who will manage OJK understood well the Islamic banking system,’ said Imam Sugema.

Director of Islamic banking Directorate of Bank Indonesia, Mulya E Siregar, said that Bank Indonesia is continuing to prepare and to rectify the Islamic banking regulatory framework. With the establishment of OJK, the regulation has been in place and that Islamic banking system will run smoothly no matter who will become the head of OJK.

In the meantime, the chairman of Asbisindo, Ahmad Riawan Amin, said that the people who will run OJK must have muamalah spirit to develop Islamic finance; therefore OJK must have a good coordination with Islamic Banking Directorate bank Indonesia, Shariah National Board and Asbisindo. (Agus Y /nibrawww.pkesinteraktif.com)

Source : http://pkesinteraktif.com/english/bank/1826-financial-service-supervisory-must-understand-islamic-economic.html - Aug 20, 2010

1 comment:

  1. nice pro-active lobbying and preparing for the OJK-meeting later that week ...

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