Six banks
\nmay change
\nstatus INI JUDUL DIPAKAI<\/p>\n
JAKARTA (JP): Six commercial banks have applied to change
\ntheir status into interest-free Islamic banks, Bank Indonesia
\ndirector Soebardjo said here on Thursday.<\/p>\n
He said that the six banks include Bank Mega, BSB, Bank Ratu,
\nBank Intan, Bank IFI and Bank Nusa Nasional.<\/p>\n
\"The six banks have informally expressed their interest in
\nchanging their status to become Islamic banks,\" the central
\nbank's director was quoted as saying by Antara news agency.<\/p>\n
Several years ago, the government introduced a concept on
\nIslamic banks, which base their operations on a profit-sharing
\nsystem both with their depositors and borrowers. Bank Muamalat is
\nthe only bank which has so far operated under the so-called
\nIslamic banking ethos.<\/p>\n
According to Soebardjo, banks which operate under the Islamic
\nsystem are relatively safer than the conventional banks,
\nespecially in facing any economic turmoil.<\/p>\n
He said the interest-free banks are more resistant in facing
\nthe high interest rate environment, which has put most of the
\ncountry's banks on the brink of collapse. (29)<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/six-banks-1447899208",
"image": ""
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"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
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