Aceh Provincial Government Waits For Qanun Revision Related To Conventional Bank Operations

UNSPLASH ILLUSTRATION

The Aceh Government is waiting for the revision of the Qanun Islamic Financial Institution (LKS) regarding the plan to operate conventional banks in the local province.

"Currently, the DPRA is conducting a study on the revision of the Qanun LKS which involves competent parties and other related parties," said Aceh Provincial Government Spokesperson Muhammad MTA in Banda Aceh as reported by ANTARA, Thursday, July 13.

He made this statement regarding the green light from the Financial Services Authority (OJK) on the re-operation of conventional banks in Aceh.

"We'll just have to wait for the results of the study being carried out by the Aceh House of Representatives (DPR)," said MTA.

According to him, to be able to operate again, the conventional bank in the province of five million people may need a revision of the Qanun LKS.

He reiterated the operation of conventional banks in Aceh awaiting the revision of Aceh Qanun Number 11 of 2018 concerning Sharia Financial Institutions.

Data from the Aceh Province Financial Services Authority (OJK) states that in Aceh there are seven Islamic commercial banks (BUS) namely PT Bank Syariah Indonesia Tbk. PT Bank Aceh Syariah, PT Bank Muamalat Indonesia Tbk, PT Bank BCA Syariah, PT Bank Syariah Bukopin, PT Bank BTPN Syariah Tbk and PT Bank Mega Syariah.

Then six sharia business units namely PT Bank Tabungan Negara (Persero)Tbk, PT Bank Danamon Indonesia Tbk, PT Bank Sinarmas Tbk, PT Bank CIMB Niaga Tbk, PT Bank Maybank Indonesia Tbk and PT Bank Permata Tbk.

Furthermore, the Sharia People's Financing Bank is PT BPRS Mustaqim Aceh (Perseroda), PT BPRS Hikmah Wakiah, PT BPRS Rahmah Hijrah Agung, PT BPRS Adeco, PT BPRS Gayo, PT BPRS Kota Juang, PT BPRS Rahmania Dana Sejahtera, PT BPRS Artha Aceh Sejahtera, PT BPRS Serambi Mecca, PT BPRS Taman Indah Darussalam, PT BPRS Baiturrahman and PT BPRS Tgk. Chiek Dipante.

Then the People's Credit Bank PT BPR Wants Jaya and PT BPR North Aceh.