OJK Gives License to 20 Micro Endowments Banks

By : Wiyanto Dan Aldo Bella Putra | Sunday, March 11 2018 - 21:00 IWST

Ilustrasi Bank Wakaf Mikro
Ilustrasi Bank Wakaf Mikro

INDUSTRY.co.id - Surabaya - Financial Services Authority continues to encourage the development of micro and micro-SME financing through the establishment of Micro Wakaf Bank or Sharia Micro Finance Institution in various regions.

"OJK has granted business license to 20 Micro Endowment Banks in Pondok Pesantren in Cirebon, Bandung, Ciamis, Serang, Lebak, Purwokerto, Cilacap, Kudus, Klaten, Yogyakarta, Surabaya, Jombang and Kediri," said Chairman of OJK Commissioner Board Wimboh Santoso in the launching ceremony of Bank Wakaf Mikro at Pesantren Assalafi Al Fithrah Surabaya on Sunday (11/3/2018).

Wimboh said, with the development of Micro Endowments Bank in pesantren environment is expected to support the development of sustainable sharia economy and can improve people's living standard, and able to reduce inequality and poverty.

The existence of Micro Endowments Bank is also a big commitment OJK with the Government to continue to expand the provision of public financial access, especially for the middle and small communities.

"Micro Wait Bank is expected to provide access to capital or financing for people who have not connected with formal financial institutions, especially in boarding schools that currently number more than 28 thousand boarding schools in various parts of the country," he said.

News Comment

Today's Industry

EH Free Swinging Hinges

Kamis, 29 September 2022 - 12:00 WIB

Southco Introduces Free-Swinging Hinges in New Materials to Meet Demanding, Heavy-Duty Applications

Southco Asia Ltd., a subsidiary of Southco Inc., a leading global provider of engineered access solutions such as locks, latches, captive fasteners, electronic access solutions and hinges/ positioning…

President Jokowi distributes direct cash assistance in South Buton regency, Southeast Sulawesi province, Tuesday (09/27). (Photo by: BPMI Presidential Secretariat/Laily Rachev)

Rabu, 28 September 2022 - 21:50 WIB

President Jokowi Distributes Assistances in South Buton

President Joko “Jokowi” Widodo Tuesday (09/27) distributed direct cash assistance (BLT) for fuel for beneficiaries of Family Hope Program (PKH) at Batauga post office, South Buton regency,…

President Jokowi at the inspection at PT Wika Bitumen, Buton regency, Southeast Sulawesi province, Tuesday (09/27). (Photo by: BPMI Presidential Secretariat/Laily Rachev)

Rabu, 28 September 2022 - 19:00 WIB

President Jokowi Pushes for Revival of Asphalt Producing Industries in Buton

President Joko “Jokowi” Widodo Tuesday (09/27) expressed hope to Buton regency, Southeast Sulawesi province to maximize its potential so it can re-emerge as an asphalt-manufacturing industrial…

KRAIBURG TPE presents THERMOLAST® R

Rabu, 28 September 2022 - 17:00 WIB

KRAIBURG TPE to campaign in Düsseldorf: The focus is on sustainable products and discussion

To ensure that customers of KRAIBURG TPE always achieve the best result, individual materials solutions are developed for many requested applications. The result: Right in time for the 2022…

Marcelo Tarkieltaub, regional director for Southeast Asia, Rockwell Automation.

Rabu, 28 September 2022 - 15:12 WIB

Rockwell Automation Secures RM150 Million Project from Exyte Group in Malaysia

Rockwell Automation, Inc. (NYSE: ROK), the world’s largest company dedicated to industrial automation and digital transformation, has secured a turnkey project worth RM150 million (about SGD45…