JAKARTA The Financial Services Authority (OJK) assesses that Islamic banking is showing good resilience amid the dynamics of the global economy which is influenced by the reciprocal tariff policy imposed by US President Donald Trump.
OJK Banking Supervision Chief Executive Dian Ediana Rae explained that nationally, Islamic banking has a lower market risk exposure than conventional banking, so that it can support the stability of the national financial system.
"Sharia banking still needs to carry out risk mitigation on the impact of tariff implementation policies that can affect the performance of certain debtors," he said in his written statement, April 28.
However, Dian said that OJK would encourage Islamic banking to remain vigilant against global and domestic macroeconomic developments, by asking Islamic banks to consistently implement risk management in accordance with applicable regulations.
In addition, he conveyed that Islamic banking is also advised to carry out further assessments of debtors who have exposure to the affected sector, and carry out mitigation early on to potential risks that may occur from the impact of tariff policies.
"Sharia banking must also be able to find opportunities that arise from current conditions," he explained.
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As is known, US President Donal Trump has also postponed the implementation of tariffs and various efforts are still being made by many jurisdictions to discuss this matter.
Dian added that Islamic banking-funded debtors do not always have links to this issue and there are still many opportunities that can be utilized in today's international trade.
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