Regulatory Alerts2010-08-30
Bank Indonesia Circular Letter Number 12/25/DPM dated August 30, 2010 concerning the Second Amendment to Bank Indonesia Circular Letter Number 10/16/DPM dated March 31, 2008 concerning Procedures for the Issuance of Bank Indonesia Sharia Certificates Thro
Bank Indonesia issued Circular Letter Number 12/25/DPM on August 30, 2010, to enact the second amendment to its March 31, 2008 circular regarding the procedures for issuing Sharia Certificates. This regulatory update modifies the operational framework governing the issuance of Bank Indonesia Sharia Certificates to ensure compliance with current monetary and financial market standards. The document serves as the official legal basis for financial institutions to adhere to the revised issuance protocols under the supervision of the central bank.
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