29.12.2008 - To cope with credit crisis, Shariah banks seek lower minimum reserves next year
From Thejakartaglobe.com: The Shariah banking sector is asking Bank Indonesia, the central bank, to relax regulations in anticipation of tight liquidity in 2009 resulting from the global economic turmoil. “In a situation like this, the funds in savings accounts and time deposits can dissipate very rapidly, so we need to have extra liquidity reserves,” Benny Witjaksono, president director of PT Bank Mega Syariah, said on Friday..... Full Article: Source