Jakarta –
In recent times, several bank conventional compact announced plans to close all operations in Aceh Province. In early April 2021, there was Bank Panin that had permission to say goodbye. Then, as of April 14, 2021 yesterday it was PT Bank Rakyat Indonesia (Persero) Tbk (BRI) to leave.
What is it, really?
So that you don’t get it (not updating it), see the summary detikcom below this:
1. What’s in Aceh?
The withdrawal of the two conventional banks was because in Aceh at this time the Islamic Financial Institution Qanun (LKS) had been implemented. This means that both banking and non-banking financial institutions that operate must comply with sharia principles.
Quoted in article 5 of the Aceh Qanun, this Qanun aims to realize an Islamic economy in Aceh. Then it became the driving force and driving force for Aceh’s economic growth.
This makes up bank those who do not have a sharia business unit must leave Aceh and close their offices.
2. Since when?
The Qanun LKS was passed since the end of November 2018. Since the enactment of the rule, several bank One by one, conventional operations in Aceh Province transfer their assets to become a sharia business unit (UUS) or to a subsidiary that is a sharia commercial bank (BUS).
Apart from banking, this regulation also impacts other financial service institutions such as insurance, capital markets, leasing institutions and cooperatives that still use the conventional system.
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