Bank Indonesia (BI) noted, number of syariah banking transactions with the central bank reached Rp. 21 trillion for the year 2011. While daily transactions in the Interbank Money Market Based on Syariah Principles (PUAS) recorded only Rp. 70 billion.
“This happened because banks tend to have more confidence to conduct transaction with the central bank,” said Bank Indonesia Head of Public Relations Difi A. Johansyah, in Jakarta, Friday, January 6, 2012.
From BI data as of December 2011, the number of syariah banking transactions amounting Rp. 21 trillion, Rp. 3,5 billion was placed on Bank Indonesia Syariah Certificate (SBIS) tenured 9 month, Reverse Repo SBSN (one month) of Rp. 0,21 trillion, Deposit Facility of Indonesia Syariah Bank (FASBIS) overnight Rp. 17,4 trillion.
In addition to transaction with BI and PUAS, syariah banking is also actively committed settlements recorded in the Letter of National Securities Syariah (SBSN) to the value reached Rp. 1,9 trillion.
Difi stressed, the existence of syariah financial market itself is required for the management of banking liquidity risk, arising from maturity missmatch, which collected funds period is shorter than the financing extended period of time.
“It’s worth the money market that let the banks do not collapse, in keeping bank liquidity in the future. It’s good, PUAS and PUAB (Inter-bank Money Market) exists for the bank excess and shortage of liquidity to transact there. If all the advantages that they must look for its placement, it can be to SBSN or SBN, “he explained.
According to observation, liquidity of syariah banks tend to be larger at the beginning of the year and the end of the year, while in the period March and April was a bit tight liquidity which started business expansion activities.
