Jakarta, CNBC Indonesia \u2014 The National Sharia Council of the\nIndonesian Ulema Council (DSN MUI) hopes the establishment of Danantara\nSyariah can be realised next year. The proposed entity, under the BPI\nDanantara superholding, is expected to coordinate and manage sharia\nbusinesses within Danantara more specifically.<\/p>\n
K.H. M. Cholil Nafis, chairman of the DSN MUI executive board, said\ndiscussions had been held with Danantara chief executive Rosan Roeslani\nat the end of last month. The meeting also involved several relevant\nparties and addressed how to optimise the development of sharia\nbusinesses, including plans to establish Danantara Syariah.<\/p>\n
\u201cTowards the end of last month, we met with Mr Rosan as Danantara\u2019s\nCEO. We also met with MES, BPS and KNIKS, along with several other\nrelevant parties. We discussed how to maximise sharia, including the\nestablishment of Danantara Syariah. The discussion was not concluded,\nand he promised it would be examined more intensively and specifically,\u201d\nCholil said after the 22nd Itjima Sanawi 2026 at the Mercure Harmoni\nHotel on Tuesday (20 October 2026).<\/p>\n
Cholil explained that establishing Danantara Syariah would not\nrequire a separate entity or a new law. It could instead be created as a\nholding company under Danantara\u2019s superholding to coordinate\nsharia-based businesses.<\/p>\n
\u201cDoes it actually require any regulatory changes? It can simply be\nestablished. Danantara has its holding structure, then the superholding,\nand Danantara Syariah could be the holding company for sharia finance.\nAt present, there is no one in Danantara specifically responsible for\nsharia. We are simply asking for someone under Danantara\u2019s superholding\nto manage sharia matters,\u201d he said.<\/p>\n
He added that Danantara Syariah would be needed to coordinate sharia\nbusinesses across several sectors, including banking, insurance and\ncapital markets. At present, Cholil said, Danantara has no dedicated\nunit specifically handling these businesses.<\/p>\n
DSN MUI is waiting for Danantara to provide an update on the\ndiscussions. Cholil said his organisation would also remind Rosan to\nresume talks on establishing Danantara Syariah, while preparing input to\nsupport Danantara\u2019s internal review.<\/p>\n
\u201cWe are waiting to hear from him. If he forgets, perhaps we will\nremind him so the matter can be discussed again. Some issues may still\nbe under review by his team. The previous discussion was not concluded,\nso it will be considered internally, and we will also contribute our\nthoughts,\u201d he said.<\/p>\n
Cholil hopes the process can be completed in 2027. He said the plan\ndepends on a decision by Danantara\u2019s leadership and the President\u2019s\napproval, since the proposed entity would form part of Danantara\u2019s\ninternal structure rather than being a standalone body.<\/p>\n
\u201cI hope so, and I pray for it. It essentially comes down to a\ndecision by Mr Rosan and approval from the President. No new law is\nneeded. It would sit under Danantara\u2019s superholding. We are not\nestablishing a separate body; we are simply asking for a holding under\nDanantara to manage sharia matters,\u201d he said.<\/p>\n
Cholil added that he has not identified any fundamental obstacles to\nthe proposal. The main issues requiring follow-up, he said, concern\norganisational structure, the division of responsibilities and\ncoordination within Danantara.<\/p>\n
\u201cThere do not seem to be any obstacles. It is a matter of lines of\ncoordination and responsibilities. Once Mr Rosan\u2019s review is complete,\nthe structure may be drawn up, perhaps with the relevant people already\nin mind, and then established by presidential decision,\u201d he\nconcluded.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/dsn-mui-hopes-danantara-syariah-will-be-established-next-year-1792547477", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }