The blueprint would carry a number of long-term policies to develop sharia banks in the world`s biggest Muslim country from 2011 to 2015, Halim Alamsyah said at a seminar on the sharia banking industry here on Wednesday.
"We are in the middle of finalizing it (the blueprint)," he said.
The blueprint would focus on seven pillars -- human resources development, effective arrangement and control, supporting infrastructures, effective banking structure, strategic alliance, effective customer empowerment and product innovations, he said.
The seven pillars would later be translated into programs as part of efforts to implement the blueprint in five years` time, he said.
"When the blueprint is ready we will discuss it with the sharia banking industry, the national sharia council and the government as we have set ourselves the target of developing the sharia banking industry as part of the national economy," he said.
He said the sharia banking industry grew at a very encouraging pace in the past five years with their total assets growing an average of 33 percent per year.
As per October 2010 the total assets of the sharia banking industry stood at Rp86 trillion, accounting for 3.1 percent of the total assets of the national banking industry.
"We have set the annual growth target of the sharia banking industry`s assets at 5 percent. Given the present performance, we are convinced the target can be achieved in the not so distant future," he said.
He also expressed his belief third party funds put in sharia banks would also continue to increase if they could benefit from the current capital inflows into the Indonesian economy.
"Sharia banks have the potential of raising as much funds as possible from the Middle East to finance more productive activities," he said.
Source : http://antaranews.com/en/news/1290596505/bi-preparing-blueprint-for-sharia-banking - Nov 24, 2010
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