The Financial Services Authority (OJK) said the syariah banks’ assets grew 11% year to date in November 2017 and outstanding loan disbursement rose 10.66%. Per October 2017, outstanding loan of syariah banks increased 15.68% to Rp274.20 trillion. Third party funds grew 20.57% to Rp319.12 trillion. Syariah banks booked net profit of Rp3.13 trillion, a 47.64% rise. The industry’s capital adequacy ratio (CAR) reached 16.14% while non performing financing (NPF) was 2.78% (net).
