Parliament: Revision of Islamic Banking Act

JAKARTA - The House of Representatives (DPR) RI, Sadar Subagyo rate Act No. 21 of 2008 concerning Islamic banking should be immediately revised. According to members of the Commission XI of the matter is especially to Article 9, paragraph 3 regarding foreign ownership in Islamic banking is regulated by Bank Indonesia (BI).

''In 99 percent conventional bank capital is already controlled by foreigners. If the rules set by the Bank of fixed capital, indirect recorded invited-legislated, Islamic banks can also be owned by foreigners,''he said when met at the Hotel Sahid, Wednesday (22 / 2).

He claimed through revisions, the law would regulate clear about the limits of foreign equity ownership is allowed in Islamic banks. Thus, foreign ownership clearly be limited.

He said overseas alone, foreign ownership in banks is restricted to 30 percent only. Suffice it to conventional banks'', do not let this happen in Islamic banks,''he said.