Although sharia banks operating in the country will soon be subject to Bank Indonesia’s (BI) new policy regulating minimum down payments for housing and automotive loans, they may see different limits than those imposed on commercial banks, a deputy governor for the central bank says.
BI announced this month that it would soon include sharia banks in its policy to restrict loans to value (LTV) in automotive and housing lending, which had entered into effect for Indonesian commercial banks in June, in a move to avert economic overheating in the country’s booming consumer credit segment………………………………………..Full Article: Source