JAKARTA. Sharia banks are struggling to develop their market shares to above of 5%. Meanwhile, Financial Service Authority (FSA) continues to push sharia banks to expand their assets to the level of 10% of total assets of their parent conventional banks. Chairman of Commisioners Board of FSA Muliaman D Hadad said that the target was made to push the parent companies to develop their subsidiaries, for an example, by injecting additional capitals to their sharia banks. According to Muliaman, to date FSA has not yet set the deadline for the parent banks to realize the target. However, FSA continues to monitor the business plan of the parent banks.
Sharia banks struggle to develop their assets
JAKARTA. Sharia banks are struggling to develop their market shares to above of 5%. Meanwhile, Financial Service Authority (FSA) continues to push sharia banks to expand their assets to the level of 10% of total assets of their parent conventional banks. Chairman of Commisioners Board of FSA Muliaman D Hadad said that the target was made to push the parent companies to develop their subsidiaries, for an example, by injecting additional capitals to their sharia banks. According to Muliaman, to date FSA has not yet set the deadline for the parent banks to realize the target. However, FSA continues to monitor the business plan of the parent banks.