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Indonesian President Call on Bank Syariah Indonesia to Be Inclusive in Its Services

Presiden Joko ‘Jokowi’ Widodo called on Bank Syariah Indonesia to be “universal and inclusive” in its services, as the fledgling bank officially opened for business on Monday, February 1.

“One should not have the notion that Bank Syariah Indonesia’s services are solely for Muslims. [The bank] should also provide its services for non-Muslims and welcome them as customers, as long as they wish carry out transactions or investment according to Syariah,” the head of state said.

“I also urge Bank Syariah Indonesia to reach out to the country’s millennials. Indonesia has a sizeable youth population that make up to 25.87 percent of Indonesia’s 270 million population.”

He urged the bank to take a number of steps to be competitive. 

“Bank Syariah Indonesia’s services should be competitive and meet the needs of customers ranging from Micro, Small and Medium enterprises to retail chains,” Jokowi noted. 

The State of Global Islamic Economy Indicator Report announced Indonesia’s Syariah banking continued to grow on a year-on-year basis, from the 10th largest in the world in 2018, to 5th in 2019 and 4th in 2020. 

The government said Syariah banks’ assets increased 10.97 percent annually, compared to 7.7 percent for their conventional rivals. They also experienced an increase in third party funds of 11.56 percent, slightly higher than their more secular rival’s 11.49 percent.

Bank Syariah Indonesia is a consortium of Syariah banks from three state-owned banks, namely BRI Syariah, BNI Syariah, dan Bank Mandiri Syariah.

Source:

https://nasional.kompas.com/read/2021/02/01/14594851/jokowi-bank-syariah-indonesia-tak-hanya-untuk-umat-islam?page=all#page2.