If Want to Increase Market, BUMN (state-owned enterprises) Sharia Must Be

JAKARTA - The growth of Islamic banking is still in numbers ranging from 3.5 per cent, making a number of analysts believe Islamic state is required. Conversion of conventional state-owned banks into Islamic state is believed to be able to increase market islamic country.

According to economic analysts sharia Muhammad Syafii Antonio, if this is done, the market share of Islamic banking can penetrate up to 20 percent. "There Will be an increase of of at least seven to eight percent," he said.

He said, it was often he put to regulators, including Bank Indonesia (BI). A number of conventional state-owned banks and regional government-owned (public enterprises) has been proposed to be Islamic banking, including Bank Rakyat Indonesia (BRI), BTN (State Savings Bank), and Bank Jabar Banten (BJB).

But unfortunately, this has not justified the government. "Maybe they thought a national bank would have to service the national needs. In fact, it's like kosher food that can be enjoyed not only Muslims but also non-Muslims, "he explained.

In addition, he said if want to get ahead, Islamic banks must also intensify advertising in the media. "The budget should be a big ad," he said.

It also made ??the Malaysian government to promote sharia banking. This method is also used to give people an understanding about what exactly this industry and the importance of conducting economic activities according to the Shari'a.

Reference: republika[co][id]