BSI Wealth Management Management Management Fund Reaches IDR 70 Trillion In The Second Quarter Of 2024

BSI (Photo: dock. Antara)

JAKARTA - PT Bank Syariah Indonesia Tbk (BSI) recorded that the fund under management (FUM) of the wealth management segment, namely BSI Priority, exceeded Rp70 trillion until the second quarter of 2024. This achievement rose 15.3 percent on an annual basis (year-on-year/yoy).

Meanwhile, the number of customers in BSI's wealth management also grew significantly to reach more than 64 thousand customers or grew 14.7 percent yoy.

"With BSI Priority, we strive not only to meet customers' financial needs, but also to ensure that every aspect of wealth management is carried out in accordance with Islamic laws and principles," said SEVP Digital Banking BSI Saut Parulian Saragih quoting Antara.

For this positive performance, BSI Priority to achieving achievements at the international level. Recently, BSI was named Best Islamic Finance Wealth Management Bank in Indonesia along with the award of Best Islamic Finance Bank in Indonesia at the 16th Annual Islamic Finance Awards 2024 and 18th Best Financial Institution Awards 2024.

Throughout 2024, BSI's wealth management has also received three other international awards, including the Global Islamic Finance Award as Best New Islamic Wealth Management Product of The Year and Best Islamic Wealth Manager in Indonesia, as well as the 2024 Global Private Banking Innovation Award as Best Islamic Wealth Manager in Indonesia.

For information, BSI Priority offers four main solutions that include wealth accumulation, wealth protection, wealth distribution, and wealth purification solutions.

This year, BSI presents various new investment products ranging from Mutual Syariah Funds Protected by Sharia Protection 1, Bahana Fund Mutual USD Nadhira Sukuk with dividend distribution, to Old Age Fund Bancassurance and Smart Plan Syariah products.

Saut said that BSI continues to be committed to providing financial services in accordance with sharia principles, including through priority BSI. BSI, he said, also continues to innovate to provide sharia financial services and solutions.

As of March 2024, BSI recorded assets of IDR 357.90 trillion, making it the largest Islamic bank in Indonesia. BSI controls 41.13 percent of the market share of the total assets of the national Islamic banking industry which reached IDR 870.22 trillion in the first quarter of 2024.