Sabtu 12 Apr 2014 21:11 WIB

OJK: No more new Islamic Business Unit permitted in 2014

Rep: Ichsan Emrald Alamsyah/Mutia Ramadhani/ Red: Yeyen Rostiyani
An islamic bank's counter in Jakarta (illustration)
Foto: Republika/Aditya Pradana Putra
An islamic bank's counter in Jakarta (illustration)

REPUBLIKA.CO.ID, TANGERANG - The Financial Services Authority (OJK) decided not to allow commercial bank to open new Islamic Business Unit (UUS). The aim of new regulation, implemented this year, is part of thstrategy to boost the growth of Islamic banking in Indonesia. 

OJK requires every UUS to spin off and become Islamic bank. All UUS are expected to become Islamic bank by 2023. Director of Directorate of Research, Development, Regulation and Licensing of Islamic Banking in OJK, Ahmad Buchori said that currently Indonesia had 11 Islamic banks, 163 Islamic rural banks (BPRS) and 23 sharia business units (UUS). 

"We will not allow new UUS to be opened," he said then added that the decision was made to encourage  the UUS' spin off then transform it into Islamic bank, 

OJK will ask the UUS' roadmap towards the tranformation. Rejection to spin off will bring some consequences to UUS including disincentive. 

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وَمَا تَفَرَّقُوْٓا اِلَّا مِنْۢ بَعْدِ مَا جَاۤءَهُمُ الْعِلْمُ بَغْيًاۢ بَيْنَهُمْۗ وَلَوْلَا كَلِمَةٌ سَبَقَتْ مِنْ رَّبِّكَ اِلٰٓى اَجَلٍ مُّسَمًّى لَّقُضِيَ بَيْنَهُمْۗ وَاِنَّ الَّذِيْنَ اُوْرِثُوا الْكِتٰبَ مِنْۢ بَعْدِهِمْ لَفِيْ شَكٍّ مِّنْهُ مُرِيْبٍ
Dan mereka (Ahli Kitab) tidak berpecah belah kecuali setelah datang kepada mereka ilmu (kebenaran yang disampaikan oleh para nabi) karena kedengkian antara sesama mereka. Jika tidaklah karena suatu ketetapan yang telah ada dahulunya dari Tuhanmu (untuk menangguhkan azab) sampai batas waktu yang ditentukan, pastilah hukuman bagi mereka telah dilaksanakan. Dan sesungguhnya orang-orang yang mewarisi Kitab (Taurat dan Injil) setelah mereka (pada zaman Muhammad), benar-benar berada dalam keraguan yang mendalam tentang Kitab (Al-Qur'an) itu.

(QS. Asy-Syura ayat 14)

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