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

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."

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.”