Aset Bank Syariah Surpasses Rp 400 Trillion

Total assets of sharia banks in November exceeded Rp 400 trillion for the first time. Statistics from the Financial Services Authority (OJK)'s Sharia Banking Department recorded that sharia bank assets in November 2017 grew by 12.6% to Rp 401.45 trillion from the end of the previous year. This amount comprises Rp 278 trillion from Sharia Commercial Banks and Rp 123.4 trillion from Sharia Business Units (UUS).

Currently, there are 34 sharia banks, consisting of 34 Sharia Commercial Banks and 21 UUS within conventional banks, employing approximately 57,000 people. Third-party funds (DPK) collected until November 2017 reached Rp 322.7 trillion, with profit-sharing financing reaching Rp 112.75 trillion.

In November 2017, the Capital Adequacy Ratio (CAR) of sharia banks reached 17%, and the financing to deposit ratio (FDR) was 80.07%. Meanwhile, the non-performing financing ratio (NPF) reached 5.27%.

(Read Databoks: 3 Sharia Banks Have Non-Performing Loans Above 10 Percent)