Regulatory Alerts2018-08-01
Bank Indonesia Regulation Number 20/09/PBI/2018 on Sharia Certificate of Deposit Transactions in the Money Market
Bank Indonesia issued Regulation Number 20/09/PBI/2018 to establish the regulatory framework for Sharia Certificate of Deposit transactions within the money market. This regulation defines the operational standards, participant requirements, and transaction mechanisms for Sharia-compliant short-term financing instruments. It aims to enhance the development and stability of the Islamic money market by providing clear guidelines for banks and other eligible financial institutions.
Share