Boosting Sharia Banking Liquidity, BSN Bank Collaborates on SiPA
Bank Syariah Nasional (BSN) is reinforcing its Pengelolaan Dana Berdasarkan Prinsip Syariah Antarbank (SiPA) services to improve the efficiency and stability of the sharia financial market. This reinforcement is being carried out through collaborations with BCA Syariah and Bank Aladin Syariah.
The collaboration was marked by the signing of an agreement in Jakarta on Wednesday (22/4/2026), attended by Dadang Muljawan, Head of the Sharia Economy and Finance Department at Bank Indonesia.
BSN President Director Alex Sofjan Noor stated that the implementation of SiPA is not only related to interbank liquidity transactions but also serves as a strategic step to strengthen the industry’s foundation. “The implementation of SiPA is highly relevant as an effort to strengthen the overall stability and efficiency of the sharia financial industry,” Alex said in his remarks.
According to Alex, the main challenge facing the industry currently lies in accelerating the utilisation of opportunities amid a vast market potential. Therefore, strengthening liquidity instruments is deemed essential to maintain balance in the sharia financial system.
BSN, which resulted from the separation of BTN’s Sharia Business Unit, has recorded total assets of Rp72.9 trillion and positions itself as one of the major players in the industry. Its operational network, which has reached dozens of branches, serves as capital to expand sharia financial services.
On the other hand, Alex highlighted the still low market share of sharia banking, which stands at around 7 to 8 percent. The level of sharia financial literacy is also only about 43 percent, with inclusion at around 13 percent.
“This indicates that the potential for developing sharia finance remains very large and requires collective efforts from all industry players,” Alex stated.
Through this collaboration, BSN believes that SiPA can become an important instrument for increasing sharia interbank liquidity while strengthening confidence within the industry. In the future, strengthening collaborations is seen as key to driving the competitiveness of the sharia financial sector at both national and global levels.