JAKARTA – PT Bank Maybank Indocorp, banks owned by Malayan Banking Berhard (Maybank) from Malaysia in Indonesia will be converted into Islamic banks.

“We’ve listened to (the plan) Maybank in Indonesia will be converted, but it is formal yet (submitted),” said Director of Bank Indonesia Sharia Banking Ramzi A Zuhdi to the press in Jakarta, Sunday (9/11/2008).

Later sharia business unit (UUS) in Bank Internasional Indonesia (BII) recently acquired by Maybank will be merged in the Islamic bank. “They will combine UUS property into Maybank BII,” he said.

Besides Maybank, an Islamic bank of a joint venture between Bank of the West Java Regional Development with dubai investors will soon stand. “Before the end of this year,” he said.

BPD Jabar Banten will spin off the business unit for later merged syariahnya in sharia banking joint venture. He added, for the initial capital in accordance with the provisions of the BI to make a new bank that is Rp1 trillion.

Presence of a new Islamic banks, according to him, yet can accelerate the growth of five per cent of Islamic banking. “We still need time, let alone the current economic conditions are still Gonjang-ganjing,” he said.

Director of Bussiness Consultant Adiwarman Karim Karim said, in 2009 is expected to add nine new Islamic banks to become commercial banks 12 sharia.

According to him, of the nine new bank, was founded by six local banks and three of them were founded by Middle Eastern investors. With the addition of these nine banks, according to him will make the share of sharia



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