Indonesian Financial Service Authority (OJK) Launch Islamic Finance Product Standard

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Indonesian Financial Service Authority (OJK) Launch Islamic Finance Product Standard

Indonesian Financial Service Authority (OJK) Launch Islamic Finance Product Standard

 
Financial Services Authority held an exhibition of Islamic financial products and services of Islamic Financial Fair (KSF) 2016 in Jakarta Gandaria City Mall in an effort to continuously introduce and bring people to the products and service of Islamic finance.
Sharia Finance Fair, held between 3 s.d. March 6, 2016 is the opening sequence of “I Love Sharia Finance” Campaign 2016.

“OJK will hold Islamic Financial Fair in various cities in Indonesia. It is one of the strategies to bring people to the Islamic finance industry and as a means of exhibiting excellence of Islamic financial products and services, as well as providing experience directly to the public to interact with financial institutions sharia leading in Indonesia, “said chief executive Industrial Non-Bank Financial Supervisory of OJK, Firdaus Djaelani in the opening speech. 

KSF is also done in launch Working Group named SiKOMPAK Syariah (Synergy Communications and Marketing Joint of Islamic Finance) which is a joint program of the OJK and the Islamic Financial Industry in marketing Islamic financial products and services.

In addition, OJK also launched Standard Book for Islamic Banking products such as Murabaha, Musharaka products and Musharaka Mutanaqisah.

Standard setting Islamic financial products is motivated by market demands for operational standard product capable of supporting the Islamic banking industry in enhancing the competitiveness especially in the era of free market MEA as well as meet the principles of good corporate governance.

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