Jakarta, (02/5). Public awareness of Islamic finance system in Indonesia is escalating. The supports from the government and other Institutions will enhance the rapid growth of Islamic finance system is one of the reason that International Center for Development in Islamic Finance- Lembaga Pengembangan Perbankan Indonesia (ICDIF-LPPI) organized its 2nd workshop with topic: the role of Board of Commissioners, Board of Director and the shariah board in Islamic Banking Management.
The objective of workshop is that it will broaden the participants to understand more about the philosophy, the regulation and the blue print and the risks in developing the and managing Islamic banking system, as well as to understand the practice of strategic decision in general, to understand the duties and responsibilities of the Board of Commissioners, Board of Directors, Shariah Supervisory Boards in managing the Islamic bank as line with Good Corporate Governance. (full story)
The workshop is attended by 23 participants consist of Islamic Banking Directors and the practitioner of Islamic banking in Indonesia, it is a 4 days’ workshop from April 29 to May 1 2011, whereas on the second day there would be a visit to Bank Negara Malaysia and Bank Islam Malaysia Berhad.
In the meantime the President Director of Bank Syariah Mandiri Yuslam Fauzi in his presentation said that the performance of Islamic banking system is not merely to be free from the forbidden elements of Magrib (Masyir, Gharar and Riba) but more towards the essence of Islamic Banking System. “ Islamic Banking system is not purely to avoid the Magrib elements but to established socio-economic justice for Islamic Ummah, therefore the Islamic banking system must focus on production sectors financing for micro-financing and SME’s other than corporate so that the ultimate goal of socio-economic justice can be achieved” exclaimed Yuslam. (ul)
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