REPUBLIKA.CO.ID, JAKARTA — The market capitalization of PT Bank Syariah Indonesia Tbk (BSI or BRIS) exceeded Rp 100 trillion. This pushed the BRIS position up to 11th place from the previous 13th position in global sharia banking.

The achievement of the market capitalization occurred at the close of trading on Tuesday (30/1/2024). In which BRIS's share price closed positive 1.87 percent at Rp 2,180. In this regard, BSI Group Head Investor Relations Rizky Budinanda stated that BRIS shares are indeed experiencing a positive trend from the end of 2023 to January 2024 after a period of sideways in the middle of the year.

“This is good news, a blessing to be thankful for as well as a gift ahead of BSI's 3rd anniversary on February 1, 2024. The movement of BRIS shares in Tuesday's trading was in line with market movements where IHSG closed positive at 7,192.22 or an appreciation of 0.49 percent,” he said in a statement on Wednesday (31/1/2024).

The achievement also brings BSI closer to one of its great aspirations, which is to become a Top 10 Global Islamic Bank. As an overview, at the end of 2022 the BSI market cap only reached Rp 59.51 trillion. In December 2023, it rose to Rp 80.26 trillion.