The Qatar Islamic Bank has already applied for permission to establish a new Syariah bank in Indonesia. “We have asked them (the Qatar Islamic Bank) to complete the requirements first,” said Siti Fadriyah, Bank Indonesia (BI) Deputy Governor, after the “What we should learn from Shari’ah Economics” discussion in Jakarta. However, Siti did not want to say when the permit will be issued by BI. “We’re waiting for the requirements to be completed,” she said briefly. In accordance with current provisions, the central bank will issue the permit in the form of business or principal license 30 days after the requirements are completed. BI has also asked the Qatar Islamic Bank to establish a limited company in Indonesia. This is one of the requirements for establishing a new bank.
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Tempo
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