The Financial Services Authority (OJK) has issued Regulation No. 31/POJK.05/2014 on Organizing Sharia Financing Company Businesses (“Regulation”) to ensure that sharia financing activities comply with Islamic principles. The Regulation also aims to improve the development of sharia financing companies, including sharia business units of financing companies (collectively referred to as “Sharia Companies”). [1]
OJK Reregulates Business Activities of Sharia Financing Companies
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