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BSI to Collaborate with the Shariah Microfinance Sector to Strengthen Indonesia’s Industrial Ecosystem

BSI to Collaborate with the Shariah Microfinance Sector to Strengthen Indonesia’s Industrial Ecosystem

July 15, 2021

http://islamicmarkets.com/articles/bsi-to-collaborate-with-the-shariah-microfinance-sector-to-strengthen
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By IM Insights

Bank Syariah Indonesia (BSI) aims to strengthen the industrial ecosystem in Indonesia through a collaboration with Baitul Maal Wat Tamwil (the Shariah Microfinance Sector).

Why it Matters?

Abdullah Firman Wibowo, Deputy President Director 2 of BSI, noted that the programme is BSI’s way of supporting the Shariah microfinance ecosystem in Indonesia. There are three areas of focus in developing the BSI micro, small and medium-sized enterprises (MSME) segment: linkage, non-linkage and micro patterns. BSI's collaboration with Shariah microfinance institutions is carried out through a linkage pattern, by which it intends to help distribute MSME financing to remote areas. In doing so, BSI aims to increase the synergy of Shariah banking with MSMEs.