Glossary - Bank Sentral Republik Indonesia
November 20, 2019
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Glossary



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Terminology Description
Saving This includes savings deposit of the reporting bank with other reporting banks with certain withdrawal conditions based on agreement, but is not permitted to withdraw by check or other similar instruments.
Savings deposit Deposit funds that may be withdrawn only under specific agreed terms, excluding withdrawal by cheque, non-negotiable clearing payment order (bilyet giro) or other equivalent instrument
Shahibul maal In a mudaraba contract the person who invests the capital
Sharia Literally means the way of Allah as guided by the Quran and the Sunnah of the Prophet Muhammad SAW. This term is used to refer to the Islamic law.
Sharia bank Including sharia commercial bank, sharia rural bank and sharia banking unit of conventional bank.
Sharia business unit Division of a conventional commercial bank which is operated under sharia principles
Sharia commercial bank A commercial bank that operates under sharia principles. This term is used by Bank Indonesia in its Banking Acts. A common international term for sharia bank is Islamic Bank.
Sharia division Unit at the head office of a bank conducting conventional business that functions as head office of sharia branch offices and/or sharia units, or a unit of a branch office of a foreign bank conducting conventional business that functions as head office of sharia sub-branch offices and/or sharia units
Sharia Principles Contractual terms based on Islamic law, governing agreements between a bank and other parties for deposit of funds and/or financing of business or other activities deemed compliant with Sharia law
Sharia rural bank A rural bank that operates under sharia principles.
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