BSI Optimistic that Indonesia’s Islamic Banking Will Perform Better than Conventional Banking in 2021 

Bank Syariah Indonesia’s (BSI) Chief Economist Banjaran Surya Indrastomo has highlighted his optimism that the Indonesian Islamic banking sector will perform better than conventional banking in 2021. Speaking at a virtual media discussion on the 27th of May 2021, Indrastomo also stated that BSI is looking towards bridging infrastructure financing through selling Indonesian Sukuk in the Middle East.

Why it Matters?

Islamic banking is slated to perform better than conventional banking as it is relatively more resistant to shocks in society, such as during the COVID-19 pandemic, and is helped due to asset-based financing, which is more attune to the real economy. In addition, Islamic banking is gaining trust from the public in terms of third party...