How much funding do Indonesian Sharia banks receive from third parties?
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Third-Party Funds (TPF) in Indonesian sharia banking grew by 70.67% to Rp 371.83 trillion at the end of 2018 compared to 2014. This amount comprises Rp 355.32 trillion in rupiah and Rp 16.51 trillion in foreign currency (valas).
Sharia banks collected the largest amount of funds through mudharabah deposits, reaching Rp 213.79 trillion, or more than half of the total TPF. The second largest source was mudharabah savings accounts, reaching Rp 114.44 trillion, or 30.78% of the total TPF.
Throughout the previous year, TPF in sharia banking grew by 11.03% from the end of the previous year. Mudharabah deposits grew by 8.97%, mudharabah savings accounts increased by 16.18%, and wadiah current accounts rose by 8.48% to Rp 43.6 trillion.
"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."
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