original post : http://islamicfinanceindonesia.blogspot.com/2010/08/2010-august-18th-indonesia-reviews.html
As you ca imagine, my attention got drawn to this news item.
The following passage was the most important : “Shariah banks have asked that loans that are still current can be restructured,” Mulya Siregar, director of Islamic banking at the central bank, said in an interview in Jakarta yesterday. “We’re having intensive discussions and will make a decision by the fourth quarter at the latest.” Current regulations issued in 2008 only permit terms to be altered once debt turns non-performing, Siregar said."
Showing posts with label ichsan. Show all posts
Showing posts with label ichsan. Show all posts
Saturday, August 21, 2010
OPINION - Indonesia Reviews Shariah Loan Restructurings: Islamic Finance
Labels:
bahana securies,
banking,
contract,
hartanto,
ichsan,
indonesia,
law,
loan,
opinion,
restructuring,
siregar,
standard chartered
Wednesday, August 18, 2010
BANKING - FINANCE - Indonesia Reviews Shariah Loan Restructurings: Islamic Finance
Jakarta. Indonesia, the nation with the biggest Muslim population, may reduce restrictions on Islamic banks by allowing them to change terms on loans before they become troubled.
“Shariah banks have asked that loans that are still current can be restructured,” Mulya Siregar, director of Islamic banking at the central bank, said in an interview in Jakarta on Tuesday.
“We’re having intensive discussions and will make a decision by the fourth quarter at the latest.”
“Shariah banks have asked that loans that are still current can be restructured,” Mulya Siregar, director of Islamic banking at the central bank, said in an interview in Jakarta on Tuesday.
“We’re having intensive discussions and will make a decision by the fourth quarter at the latest.”
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