INDONESIA - CAPITAL MARKETS - SBI Syariah Limited, BI Push SBSN

EKONOMISYARIAH.ORG - JAKARTA - Bank Indonesia (BI) admitted pushing Sharia State Securities (SBSN) in lieu of Certificates of Bank Indonesia Sharia (SBIS). SBIS limitations as a means of liquidity management of Islamic banking because it did not have underlying assets that make these instruments can not be traded in the secondary market.

According to Associate Economic Analyst, Directorate of Monetary Management BI, Erwin Gunawan Hutapea, SBSN use can be more useful to finance the state budget revenues and expenditures (state budget). "Meanwhile, if only in the SBIS, it will just be a floating fund (idle) and not distributed," he said. (source)

INDONESIA - BANKING - Active BI pushes Islamic banking to SATISFIED

Jakarta (24 / 8) - Bank Indonesia (BI) today will continue to encourage Islamic banking transactions to be active in the interbank money market based on Islamic principles (SATISFIED). This is done because the BI tended to see Islamic banking as well as central banks still rely on its parent bank in dealing with liquidity problems. Though SATISFIED itself has a good benefit in addressing the needs of Islamic banks liquidity. (source)