Govt launches Indonesia’s largest syariah bank -- observers sense opportunity

A Bank Mandiri Syariah employee serves a customer at the lender’s Central Jakarta office.- JP

JAKARTA (The Jakarta Post): Indonesia is seeking to boost its currently limited syariah finance sector with the launch of Bank Syariah Indonesia (BSI) this week, the country’s largest syariah bank.

BSI, which was launched on Monday, is the result of a merger of three state-owned banks’ syariah subsidiaries, namely Bank Syariah Mandiri (BSM), BNI Syariah and publicly listed BRI Syariah.