Syariah banks in indonesia

in the world of banking, Islamic banking is a bank that began growing rapidly at this time. The early history of shariah banks applied in pakistan and malaysia the 1940s. Then 1963 in egypt standing islamic rural bank named ghamr bank. And 1975 stand islamic bank in dubai, united arab emirates.

In indonesia shariah banking formed in the 1990s initiated by mui on 18-20 August 1990. The first islamic bank in indonesia was “bank muamalat Indonesia” standing on 1 november 1991. be the first and only islamic bank in Indonesia. Islamic banking is growing rapidly in Indonesia.

It can be seen from the number of syariah banks which appear now .  there are mandiri shariah, BNI Shariah, BRI shariah, BTN shariah etc. the most fundamental difference between convensional bank and sharia banks is of system of “akad” and the use of Islamic law in the sharia bank.

by: siti indah /11220022