PT Bank Syariah Indonesia (Persero) Tbk. (BRIS) has stated its\ninterest in developing gold exchange-traded fund (ETF) products.\nHowever, the company is still preparing the business and regulatory\naspects before realising the product.<\/p>\n
BSI President Director Anggoro Eko Cahyo said the company\u2019s interest\nin gold ETFs is considerable. Nevertheless, product development in the\nbanking industry requires a longer process compared to non-bank\nfinancial institutions.<\/p>\n
\u201cBSI is interested in ETFs, interested. But we are still preparing.\nThe regulations in banking, the preparation is not as fast as non-banks.\nWe are interested,\u201d Anggoro said when met at BSI Tower, Central Jakarta,\nThursday (20\/8\/2026).<\/p>\n
In addition to gold ETFs, BSI is also preparing the development of\nits gold savings business. Anggoro said the company is still building an\necosystem or market so that gold collected from the public can later be\nchannelled to parties in need, including gold shops.<\/p>\n
\u201cFor gold savings, we must have the market first. We are currently\nbuilding the market. So that if people save gold, we can channel it to\ngold shops that need it,\u201d he explained.<\/p>\n
According to Anggoro, BSI as a new player in the business needs to\nprepare its systems and business model carefully. In terms of licensing,\nBSI is said to have already obtained the necessary permits to run the\ngold savings business.<\/p>\n
He added that the physical gold underlying BSI\u2019s transactions will\nuse a gold-to-gold scheme, so that the gold collected will have physical\ngold as its underlying.<\/p>\n
\u201cBecause the physical gold is with us, our transactions are gold to\ngold. So at least that becomes the underlying,\u201d he said.<\/p>\n
Anggoro revealed that BSI\u2019s total managed gold reaches around 24\ntonnes. This figure includes gold from pawn products and gold\nsavings.<\/p>\n
\u201cAt BSI, our gold savings are around 24 tonnes. Both pawned and\nsavings, around 24 tonnes,\u201d he said.<\/p>\n
BSI sees the gold business not merely as a way to enlarge its bullion\nbank business, but also as one of the company\u2019s strategies to acquire\nnew customers.<\/p>\n
Anggoro said the company is pursuing growth in gold savings products.\nThe more people save gold, the greater their opportunity to enter and\nuse sharia banking services.<\/p>\n
\u201cFor us, gold savings or gold instalments are part of enlarging the\nbullion bank, but also market penetration,\u201d he said.<\/p>\n
According to him, gold products are also one of the differentiators\nthat BSI can offer when penetrating the public.<\/p>\n
\u201cBecause when we offer sharia banking to the public, one of the\ndifferentiators is gold savings. So it is one of the products,\u201d Anggoro\nsaid.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/bsi-bris-ceo-reveals-interest-in-developing-gold-etf-products-1787219492", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }