Sharia Banks Are Less Developed, Members Of Commission XI Of The House Of Representatives Call It Loss To Conventional Banks: We Are Restless Even Though We Are The Largest Muslim Country In The World

Illustration. (Photo: Doc. Antara)

JAKARTA - Member of Commission XI of the DPR RI, Ela Siti Nuryamah, expressed her anxiety about the backwardness of Islamic banking compared to conventional banking. Ela also questioned the problems behind the development of the Islamic banking sector in Indonesia.

"We are quite nervous about the development of Islamic banking because our country is indeed the largest Muslim country in the world, but our Islamic economic ranking is quite low. So what do you think is the problem? still far from conventional banking," said Ela in a statement quoted on Thursday, March 24.

In addition to the development of the Islamic banking sector as a whole, he also highlighted the lag behind Islamic banks in digitizing banking services.

"Also related to digitalization, Islamic banks are still quite inferior to conventional banks," he continued.

He encouraged Islamic banking to become the top of the brand in the world to be able to catch up with the digitalization of banking.

Meanwhile, some time ago, President Director of PT Bank Syariah Indonesia Tbk Hery Gunardi revealed that the growth of Islamic banking third party funds (DPK) had surpassed conventional banks in the last five years. During that period, Islamic bank deposits grew by 13.8 percent, while conventional banking experienced an increase of 7.8 percent. According to him, this condition reflects the Indonesian people's preference for Islamic banking is getting stronger.

Based on data from the Financial Services Authority (OJK), the total national Islamic banking deposits reached Rp548.10 trillion. At the same time, the DPK collected by BSI was Rp.233.25 trillion or grew 11.12 percent on an annual basis.