Bank Indonesia recently issued Regulation No. 13/23/PBI/2011 on Risk Management Practices for Sharia Commercial Banks and Sharia Business Units (“Regulation”) to establish risk management guidelines specifically for sharia commercial banks and sharia business units. Prior to this Regulation, Sharia banks and business units managed their risks in accordance with Regulation No.5/8/PBI/2003 on Risk Management Practices for Commercial Banks as amended by Regulation No. 11/25/PBI/2009.
Risk Management for the Sharia Banking Industry
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