Ketua Dewan Komisioner Otoritas Jasa Keuangan Mahendra Siregar menegaskan, Roadmap Pengembangan Dan Penguatan Perbankan Syariah Indonesia 2023-2027 diharapkan dapat menjadi pedoman bagi OJK, Asosiasi serta industri perbankan syariah dalam menyusun strategi pengembangan dan penguatan perbankan syariah dalam lima tahun ke depan. Hal ini sekaligus sebagai bentuk komitmen dan langkah konkret OJK untuk mengarahkan masa depan industri perbankan syariah di Indonesia.
Selain itu, transformasi perbankan syariah juga diperlukan untuk meningkatkan ketahanan dan daya saing, serta dampak sosial dan ekonomi. Roadmap merangkum lima fokus utama yang mencakup tiga dimensi yaitu supply side, demand side dan sisi internal OJK sebagai dukungan utama bagi keseluruhan aspek dalam perbankan syariah.
Kelima pilar dimaksud yaitu penguatan struktur dan ketahanan industri perbankan syariah, akselerasi digitalisasi perbankan syariah, penguatan karakteristik perbankan syariah, peningkatan kontribusi perbankan syariah dalam perekonomian nasional, dan terakhir penguatan pengaturan, perizinan dan pengawasan perbankan syariah.
Selain itu, transformasi perbankan syariah juga diperlukan untuk meningkatkan ketahanan dan daya saing, serta dampak sosial dan ekonomi. Roadmap merangkum lima fokus utama yang mencakup tiga dimensi yaitu supply side, demand side dan sisi internal OJK sebagai dukungan utama bagi keseluruhan aspek dalam perbankan syariah.
Kelima pilar dimaksud yaitu penguatan struktur dan ketahanan industri perbankan syariah, akselerasi digitalisasi perbankan syariah, penguatan karakteristik perbankan syariah, peningkatan kontribusi perbankan syariah dalam perekonomian nasional, dan terakhir penguatan pengaturan, perizinan dan pengawasan perbankan syariah.
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TVTranscript
00:00 The official financial services committee of the Indonesian Government
00:02 has launched the Roadmap for the Development and Strengthening of the Indonesian Financial System
00:06 in 2023-2027.
00:08 This step is carried out as a guide for the OJK,
00:11 the Association, and the Industry of the Indonesian Financial System
00:14 to improve the role of the Indonesian Financial System in the water.
00:17 The Chairperson of the Commission and the Official Financial Services Committee of the Indonesian Government
00:24 has confirmed that the Roadmap for the Development and Strengthening of the Indonesian Financial System
00:30 in 2023-2027 is expected to be a guide for the OJK,
00:34 the Association, and the Industry of the Indonesian Financial System
00:37 in arranging the development and strengthening strategy of the Indonesian Financial System
00:40 in the next five years.
00:42 This is also a form of commitment and concrete OJK steps
00:45 to direct the future of the Indonesian Financial System in Indonesia.
00:48 In addition to the transformation of the Indonesian Financial System,
00:51 it is also needed to increase the resilience and competitiveness
00:54 as well as the social and economic impact.
00:56 The Roadmap includes five main focuses which cover three dimensions,
01:01 namely the supply set, demand set, and internal OJK side
01:04 as the main support for the overall aspect of the Sharia Bank.
01:08 The five are intended to be one,
01:10 strengthening the structure and stability of the Sharia Bank industry,
01:13 two, digitalization of the Sharia Bank,
01:16 then the third, strengthening the characteristics of the Sharia Bank,
01:19 increasing the contribution of the Sharia Bank in the national economy,
01:22 and lastly, strengthening the regulation, permission, and jurisdiction of the Sharia Bank.
01:26 The Roadmap for the Development and Strengthening of the Sharia Bank of Indonesia
01:29 in 2023 to 2027
01:32 brings the vision to create a healthy, efficient,
01:35 competitive and competitive Sharia Bank,
01:37 as well as to make a significant contribution to the national economy
01:40 to achieve the people's interest.
01:42 From Jakarta, Adefier Mansyah, IDX Channel.
01:46 Yes, Mr. Mir, to discuss our topic today,
01:51 the Roadmap for the Development and Strengthening of the Sharia Bank in 2023 to 2027,
01:54 we have been connected via Zoom
01:56 with Mr. Irfan Soekibeik,
01:58 President of the Faculty of Economics and Management, IPB University.
02:02 Good morning, Mr. Irfan.
02:04 Good morning. Assalamualaikum warahmatullahi wabarakatuh, Mas Fras.
02:08 Waalaikumsalam warahmatullahi wabarakatuh, Mr. Irfan.
02:10 Thank you for your time.
02:12 This is interesting.
02:13 Finally, there is a roadmap for the development of the Sharia Bank of Indonesia
02:18 in 2023 to 2027.
02:21 Let's review first, how is the condition of the Sharia Bank of Indonesia today?
02:26 How far is the development according to your eyes, Mr. Irfan? Please.
02:30 Yes, sir.
02:32 So, if we look at the development of the Sharia Bank industry,
02:37 we see that the development is very good.
02:40 If we look at the data in the last five years,
02:43 the growth is quite significant.
02:46 If we look at the total assets, for example,
02:50 in 2018, there were around 480 trillion Sharia Bank assets.
02:58 And per July this year,
03:00 at the beginning of this semester,
03:02 the number has increased to over 800 trillion,
03:06 or around 811 trillion.
03:09 So, almost twice in five years.
03:13 So, this is a very good development.
03:17 And then, the intermediary functions can also be carried out by the Sharia Bank.
03:23 This can be seen from the FDR ratio,
03:27 for example, the financing to deposit ratio, which is already at 86%.
03:31 Then, what is also not less interesting is
03:35 from the non-performing financing side, or NPF,
03:39 which is still at a very low level, around 2.5%.
03:45 So, indeed, in terms of energy,
03:48 this Sharia Bank shows very good growth.
03:52 And from the OJK data,
03:54 if we look at the growth per July this year,
03:57 year-on-year growth, it's around 13%, 13.5%.
04:02 So, this is a very good thing.
04:07 And we hope this can give a wider impact
04:13 for our economy.
04:15 That's it, Mr. Pras.
04:17 Double digit, if we look at the growth, it's quite positive, right?
04:19 For the Sharia Bank.
04:22 The challenges that still surround the Sharia Bank industry in Indonesia,
04:26 from which side?
04:27 Is the literacy, financial inclusion, still a personal task?
04:31 Yes.
04:33 Indeed, if we look at these challenges, there are many things
04:38 that we need to continue to do.
04:41 First, from the demand side, from the customer side,
04:45 from the user community side,
04:47 there are two things that need to be improved.
04:50 First is literacy and inclusion.
04:54 So, literacy is very important
04:57 for how we continue to do education,
05:01 socialization about the concept of Sharia Bank,
05:06 about the practice, rules, and so on.
05:10 Including what products are available in the Sharia Bank.
05:14 Both products on the side of savings, deposits,
05:18 as well as on the side of financing.
05:21 Now, this needs to be continued to socialize,
05:24 so that the people know more about the characteristics of the Sharia Bank,
05:29 including how their needs can be fulfilled
05:35 through the Sharia Bank products.
05:38 Then, the next one, of course, from the service side.
05:43 So, in addition to literacy, we also need to increase services.
05:48 How this Sharia Bank service
05:51 needs to be strengthened continuously.
05:53 For example, in the field of digitalization.
05:56 How can the use and advancement of digital technology
06:00 be used to improve the quality of services?
06:05 How, for example, can the people easily open an account
06:10 without having to come to the office of a Sharia Bank?
06:13 Some Sharia Banks are already able to do that.
06:15 But, overall, not all Sharia Bank industries
06:20 have the capacity and ability for that.
06:23 But, on the other hand, related to the use of digital technology,
06:27 also from the security side,
06:29 how from the security side,
06:32 the transaction can be maintained,
06:35 how the technology system used is also really strong,
06:41 has an extraordinary resilience,
06:44 so it's not easy to be hacked,
06:50 for example, it's not easy to be downed, and so on.
06:52 In my opinion, this is important to continue to push for the demand.
06:58 So, from the demand side,
07:00 so that the people can continue to be involved.
07:04 Then, what is also equally important is
07:07 our PR is on the inclusion side.
07:10 Our PR is on the access side.
07:12 How far can this Sharia Bank
07:15 be more accessible?
07:17 Can be accessed by the people.
07:20 So, here is our PR and challenge,
07:23 for example, how to reach groups
07:27 that have been excluded from the financial system.
07:32 Because there are still many.
07:33 So, how can we push Sharia Bank
07:37 to reach these groups?
07:40 This is what I think is the PR.
07:42 Then, the next thing is
07:45 from the point of view of how our PR contributes to Sharia Bank's development in the economy.
07:52 Here, the ability to provide funding sources
07:57 and financing that can move the economy of the community.
08:02 And we also hope that the UMKM can continue to maintain this.
08:07 So that the role of the UMKM
08:09 to contribute to the economy can be even greater.
08:12 That's it, Mas Peras.
08:13 We know that the UMKM has also launched
08:15 the roadmap for the development and strengthening of the Sharia Bank Indonesia
08:19 in 2023-2027 with the theme
08:22 "A Sharia Bank that is superior to the welfare of the people".
08:25 Is this finally the answer?
08:27 It's a fresh breeze for the shareholders of the Sharia Bank or Sharia Bank.
08:33 Yes. At least, with this roadmap,
08:38 we can see the roadmap that will be developed by the UMKM
08:45 until 2027.
08:47 So, with this roadmap, we can see
08:51 how the development of our national Sharia Bank industry is.
08:58 Which includes the Sharia Bank industry,
09:01 there is the Sharia Investment Bank,
09:03 and there is also the Sharia Capital Market industry.
09:06 So, I think this is a fresh breeze.
09:09 At least, from the shareholders' point of view,
09:12 they can see
09:14 what the development direction will be like.
09:17 What will be the priority sectors?
09:21 Then, the things that become the focus.
09:23 We will talk about the roadmap for the strengthening of the industry.
09:27 Of course, we will talk about the pillars.
09:30 What will then become the concern of the UMKM?
09:33 For example, related to digitalization,
09:36 related to resiliency, for example.
09:39 Related to the ability of the Sharia Bank
09:44 to provide various things that can meet the needs of the community.
09:48 So, the existence of the Sharia Bank industry
09:51 will still be relevant to the needs of the community.
09:55 So, this is very important.
09:57 So, with this roadmap,
10:01 at least the industry can know
10:05 and can adapt,
10:07 so that it can be in line with the roadmap
10:12 that has been made with the plan of the bank business,
10:15 each Sharia Bank individual.
10:18 For how they can fulfill a number of things.
10:22 Including, what is also equally important,
10:25 is the strengthening of social functions of Sharia Bank.
10:28 Because one thing that I see from this roadmap,
10:32 there is a strong desire from the UMKM
10:36 to also highlight the characteristics,
10:40 value, value of the Sharia Bank
10:44 that differentiates it from conventional banks.
10:47 Among the things that differentiate it,
10:50 one of them is social function.
10:53 I think this is very interesting.
10:55 Because if you look at the law of P2SK,
10:58 there are several things that describe
11:01 the social function of this strengthening.
11:04 That's why in the roadmap,
11:06 OJK talks about cash wakaf, link deposit.
11:09 Right? CWLD.
11:11 OJK also talks about how the implementation of the law of P2SK
11:15 that gives the opportunity to the Sharia Bank
11:18 to be a manager of wakaf wang, for example.
11:20 We're talking about social function.
11:23 This is what I think is a signal
11:26 that the Sharia Bank must prepare itself.
11:29 So, when the rules of the law of P2SK,
11:33 for example, in the form of POJK or P2SK,
11:36 for example, it appears,
11:38 about how to implement or execute this social function,
11:41 then the Sharia Bank can adapt
11:45 and then can run the function.
11:48 So, the people will see,
11:50 the characteristics of the Sharia Bank are really different.
11:53 Not the same as the conventional bank.
11:55 That's the value that is raised,
11:57 with the roadmap that you want to deliver.
11:59 Right. Among the main values.
12:00 Okay. There are also five pillars that are raised in this roadmap.
12:03 The first is the strengthening of the structure and the sustainability of the Sharia Bank industry.
12:06 Acceleration of the digitalization of the Sharia Bank.
12:09 Then strengthening the characteristics of the Sharia Bank.
12:11 Four, increasing the contribution of the Sharia Bank in the national economy.
12:15 And also strengthening, regulation,
12:17 licensing and supervision of the Sharia Bank.
12:20 We will try to discuss one by one, Mr. Irfan.
12:22 How about the structure and also the sustainability of the Sharia Bank industry today?
12:27 Yes. If you look at the sustainability,
12:31 actually, from our side,
12:33 the academics here have actually done a lot of studies or researches
12:37 that show the sustainability of the Sharia Bank industry is much better
12:42 than the conventional one.
12:44 There are a lot of studies that have been done.
12:47 And this is proven from the fact that
12:51 a number of crises, starting from 2008,
12:54 if we pull it back a long way,
12:56 starting from 1998 until the latest,
12:58 when the pandemic happened.
13:01 The Sharia Bank could then survive,
13:04 even though the economic growth was negative at that time,
13:07 but the growth of the Sharia Bank was still positive.
13:10 The total assets continued to increase.
13:12 Then, the growth continued to increase, and so on.
13:15 So, actually, if we look at it from the perspective of sustainability,
13:19 the Sharia Bank actually already has capital.
13:22 The capital, the ability to adapt quickly
13:27 to various situations and conditions.
13:31 Including when facing a slow economic growth.
13:36 So, there is an adaptation adjustment process
13:39 that shows the ability of the Sharia Bank to survive.
13:44 Moreover, next year, the projected economic growth of the world will also slow down.
13:50 So, this is where sustainability becomes a key.
13:53 In the midst of an ever-increasing economic uncertainty,
13:57 it is necessary for institutions to have strong resilience.
14:01 Because of that, in order to support or strengthen this sustainability,
14:07 there are many things that need to be improved.
14:10 Starting from the capacity of the SDM, the technology system,
14:14 the governance, that is also very important.
14:18 Because the resilience also depends on the quality of the governance.
14:23 Mr. Irfan, this is the second pillar, the track with digitalization.
14:26 Has the government, especially the OJK, accelerated the digitalization of the Sharia Bank?
14:31 But hold on, we will explain the answer in a moment.
14:34 Mr. Irfan and Mr. Mirsa, we will be back soon after this break.
14:38 Let's continue our discussion with Mr. Irfan Soehoquebe.
14:41 Mr. Irfan, we will continue.
14:43 This is about the second pillar, digitalization, which you also mentioned at the beginning.
14:47 Has the OJK or the government already made an optimal acceleration
14:51 in this technology area for the Sharia Bank?
14:55 Yes, of course.
14:57 If I look at it from the academic point of view,
15:01 the OJK has done a lot of things in order to accelerate digitalization.
15:08 But this is indeed a process that is not easy.
15:12 Why? Because technology investment is not cheap.
15:18 Technology investment is something that is very quiet.
15:24 It absorbs capital.
15:26 So, the capacity, if we talk about it in the context of industry,
15:32 is indeed different between one Sharia Bank and another Sharia Bank.
15:37 But this cannot be one reason for us not to push or strengthen the digitalization process.
15:45 So, because of that, I see that the efforts to strengthen and use this digital technology
15:52 is very important. And like it or not, everyone should have a concern.
15:58 Not just one or two big banks, but the entire industry should have a concern.
16:05 At least, what can be done is,
16:09 for banks that still have a convention indux,
16:14 at least sharing resources can be one way
16:19 to mitigate and reduce the possibility
16:24 or reduce the big investments that must be done.
16:29 Likewise, with the use of technology, the indux network, for example, can also be done.
16:35 So, in short, we must continue to push and it is also important,
16:39 and I always say this everywhere,
16:41 the relevance of the needs of the people.
16:44 So, it has to be better.
16:47 And it has to be closer to what the people need.
16:53 So, I am very happy to see some Sharia Banks,
16:56 from the perspective of the development of digital technology,
17:00 are becoming more comprehensive.
17:02 So, it's not just for the need to save,
17:05 but also for other needs.
17:08 Starting from the daily needs,
17:11 to the need for investment,
17:15 but also to the need for social obligations,
17:20 like paying for tuition.
17:22 Now, it's getting easier to facilitate.
17:25 Even the need for prayer,
17:28 it's also in the mobile banking of Sharia Banks.
17:31 There are reminders.
17:33 Now, if you look at some Sharia Banks,
17:35 we have prayer reminders.
17:37 Wherever we are, it automatically adjusts to local prayer time.
17:43 So, I think it needs to be increased.
17:46 The next one is also not less important,
17:49 from the perspective of security.
17:51 How digital security becomes very important,
17:55 this is part of the effort to strengthen digitalization,
18:01 that the system must be strong,
18:04 must be resilient and safe.
18:06 It's not easy to shake
18:08 when there are efforts to weaken,
18:12 external efforts to shake or weaken the system of Sharia Bank.
18:20 Okay, that's for the second pillar.
18:22 Next, the third pillar is strengthening the characteristics of Sharia Bank.
18:26 What is the characteristics of Sharia Bank?
18:30 Yes, earlier, the value proposition of Sharia Bank
18:35 that we need to push.
18:38 So, the characteristics of Sharia Bank,
18:42 there are many things that can be,
18:45 if we manage it well,
18:49 it can significantly differentiate from the conventional.
18:54 One of them is, as I said,
18:57 it's related to social function implementation.
19:01 I think that's something very interesting.
19:04 That the success of Sharia Bank is not only financial ratio,
19:11 but also how far it can give benefits.
19:15 A wide range of benefits to the people.
19:18 So, there is a benefit element there.
19:22 Benefit is a concept where there are two dimensions in it,
19:26 benefit and blessing.
19:28 How can the institutions of Sharia Bank give a greater benefit?
19:34 The benefit is not only in terms of commercial,
19:38 but also in terms of social benefit.
19:43 This is what I think is one of the differences.
19:46 So, we hope that the existence of Sharia Bank
19:49 can also push the ecosystem of Sharia economy
19:54 which is based on the financial and social sectors,
19:58 can be more integrated.
20:00 Because it's not only focused on the financing to the real sector,
20:04 with various bonds,
20:06 with various nature and characteristics of bonds,
20:09 but also how to strengthen the social sector.
20:13 So, if this can be built in an integrated ecosystem,
20:17 then this will give an additional value
20:21 and can convince the public that Sharia Bank
20:24 really has a uniqueness and characteristics
20:27 that conventional banks don't have.
20:30 Okay, that's it.
20:31 Next, the strengthening of the contribution of Sharia Bank
20:35 related to the national economy.
20:37 How big is the current condition?
20:39 And should it be strengthened again?
20:42 Yes, of course, if we talk about contribution
20:48 to the national economy,
20:53 the contribution can be seen from several aspects.
20:57 Of course, the most important and fundamental is
21:00 that Sharia Bank must be able to move the real sector.
21:05 Because the real sector is the engine of the economy.
21:09 And the existence of Sharia Bank
21:12 must be able to push the real sector to move, to develop,
21:17 so that when the real sector develops, moves well,
21:22 it can give positive effects and great multiplier effects.
21:28 Good for the opening of jobs,
21:31 for the absorption of unemployment rates,
21:34 for example, the strengthening of the national economy.
21:39 That needs to be done.
21:41 So that when this can be done well,
21:45 the economic effect will be good too.
21:48 Because in the end, it will also improve the welfare of the people.
21:53 Actually, the advantage of Sharia Bank is
21:57 that all funds are based on the sector.
21:59 So when we increase the volume of the Sharia Bank industry,
22:04 it's the same as we actually increase the volume of the funding source
22:10 that will strengthen the sector.
22:12 What needs to be taken into consideration is from the side of justice,
22:16 because we're talking about access here.
22:18 Access is a very important thing.
22:20 This is related to inclusion, the aspect of inclusion.
22:24 How access can be enjoyed by businessmen.
22:30 Not only big businessmen, but also small and medium businessmen.
22:36 This is what I think we should also encourage,
22:40 so that the penetration of Sharia Bank funds
22:44 to small and medium businessmen,
22:48 we must continue to encourage, we strengthen,
22:51 so that this will create a balance
22:55 in the distribution of assets and wealth in our country.
22:58 Because one of the problems in our country is
23:01 the very high inequality.
23:05 This inequality can only be reduced when
23:09 the group in the middle to the bottom
23:13 can be opened or given access to larger financing.
23:19 So it is expected that this can reduce the gap.
23:24 Okay, Mr. Irfan, the last one.
23:25 How about the strengthening, regulation,
23:27 authorization and supervision of Sharia Bank,
23:29 which is in the fifth pillar of this roadmap?
23:33 I hope that, I realize that
23:38 the Sharia Bank industry is not a highly regulated industry,
23:42 but actually an ultra-regulated industry.
23:45 Why ultra-regulated industry?
23:47 Because it is not only related to positive laws,
23:49 but also there are Sharia laws.
23:52 There are religious laws that must be fulfilled.
23:56 And the guidance is of course the fatwa of the SNMI
23:59 that has been adopted as a regulation by the OJK.
24:03 I hope that the OJK can continue to improve the quality of regulation.
24:09 Especially, I hope that,
24:13 it's not only about regulation, authorization,
24:16 it's not just about the procedure,
24:17 but we talk more about the substance.
24:19 What does it mean?
24:21 As long as the substance can be achieved,
24:23 there should be a little flexibility in regulation.
24:28 That's what I think is important.
24:31 So, when there is flexibility in regulation,
24:36 as long as the substance is achieved,
24:38 then I think the future regulations should be like that.
24:44 So that the competitiveness level of the Sharia Bank can be maintained.
24:51 Don't let it lose,
24:54 compete with other industries.
24:57 Because the rigid regulations,
25:00 but also doesn't open up the space for flexibility.
25:05 That's it. An interesting analysis.
25:07 Related to the five pillars of the Sharia Bank roadmap.
25:10 From 2023 to 2027.
25:13 I hope this can really be a guide
25:16 that is used by stakeholders in the Sharia Bank industry in Indonesia.
25:20 Irfan, thank you for your time and sharing.
25:25 Congratulations on your activity.
25:28 Stay healthy. Thank you.
25:30 Thank you, Pras.
25:32 Assalamualaikum.
25:34 Waalaikumsalam.
25:36 That's the end of our market review.
25:40 I'm Pras Ritya Wibowo,
25:41 Chief Executive Officer of Undur Diri.
25:44 Thank you and see you again.
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