JAKARTA - Minister of State-Owned Enterprises (BUMN) Erick Thohir said PT Bank Syariah Indonesia (BSI) had succeeded in obtaining permission to open branches in Saudi Arabia.
The plan, continued Erick, is that the Saudi Arabian branch of BSI will operate next year or 2026. He also said that this licensing business had been going on for 1 year and 8 months.
"Alhamdulillah, we can exercise this principle permit in Saudi, especially in Jeddah and hopefully if everything goes smoothly, in the next one year we can open it there," he said during a press conference at the Ministry of SOEs office, Jakarta, Monday, May 5.
Erick said that by opening branches in Saudi Arabia, it can absorb the potential for the circulation of Indonesian funds in the country, which is around Rp. 23 trillion.
"The circulation of money so far is Rp29 trillion in Indonesia, where there is still Rp23 trillion, we can start to absorb it," he said.
In addition, according to Erick, the opening of branch offices in Saudi Arabia is also a breakthrough between Indonesian Hajj and Indonesian immigration.
"This is in line with the President's willingness that part of the digital payment transactions can begin to be shifted to our country," he said.
SEE ALSO:
-
| EKONOMI
Global Islamic Finance Summit 2025, Kontribusi BSI Perkuat Ekosistem Halal
23 April 2025, 16:58
Meanwhile, Acting President Director of BSI Bob Tyasika Ananta said that operating next year there are still many regulations that must be prepared. For example, IT to human resources (HR).
"But of course at this time with this principle permit it still takes time because there is quite selective and rigid in preparation which will take about a year to prepare for that," he said.
The English, Chinese, Japanese, Arabic, and French versions are automatically generated by the AI. So there may still be inaccuracies in translating, please always see Indonesian as our main language. (system supported by DigitalSiber.id)
