4. The Intraday Liquidity Facility for Commercial Banks Based on Sharia Principles FLIS
The FLI is t he f unding f acilit y ext ended by Bank Indonesia t o Banks in t heir capacit y as members of
t h e BI-RTGS syst em an d m em b ers o f t h e SKNBI, repayable on t he same day as t he day of use. A Bank
may obt ain an int raday f acilit y, w het her in t he f orm of LFI-RTGS or FLI-Kliring, af t er signing an agreement f or
use and collat eral securit y of FLI and submit t ing t he required supporting documents to Bank Indonesia. FLIS
received by a Banks shall apply t he m udharabah principle.
A Bank may use FLIS subject t o meet ing t he f ollow ing requirement s:
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Holds SWBIs, securit ies, andor claims issued by t he government based on sharia principles t hat may
be used as collat eral;
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Is not under suspension as member Bank of t he BI- RTGS an d o r m em b er o f t h e BI-SSSS, an d o r
t erminat ed as member of t he SKNBI, and
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Is not under imposit ion of sanct ions prevent ing it from obt aining t he FPJPS.
5. Bank Indonesia Rupiah Deposit Facility FASBI
FASBI is a facility provided by Bank Indonesia for banks t o place t heir f unds in Bank Indonesia. The t enor of
FASBI shall be a maximum of 7 days beginning on t he settlement date until the maturity date. FASBi may not
be t raded, pledged as collat eral, or redeemed prior t o mat urit y.
6. Bank Foreign Borrow ing
A Bank may t ake on bot h short t erm and long t erm f oreign borrow ings. Banks are required t o limit t he
daily balance of short t erm f oreign borrow ings t o no more t han 30 of bank capit al. A Bank int ending t o
proceed w it h market ent ry t o raise long t erm f oreign borrow ings is required t o obt ain prior approval f rom
Bank Indonesia.
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7. Taxation of Interest
Income in the form of interest on time deposits, savings deposits, and discounts on Bank Indonesia Certificates
SBIs w het her held by individuals or legal ent it ies, is levied a f inal income t ax of 20 of t he gross amount .
This t ax w ill not be w it hheld insof ar as t he amount of t he t ime deposit and savings deposit and SBI does not
exceed Rp 7,500,000.
8. Foreign Exchange Flow s
Follow ing the promulgation of Act Number 24 of 1999 concerning Foreign Exchange Flow s and Exchange Rate
Syst em, any person may f reely hold and use f oreign exchange. Not w it hst anding Bank Indonesia reserves
t he right t o request inf ormat ion and dat a on f oreign exchange act ivit ies. The requirem ent f or report ing
act ivit ies in f oreign exchange f low s applies t o:
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Banks
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Non-Bank Financial Inst it ut ions
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Non-Bank Financial Inst it ut ions w it h t ot al asset s or annual sales turnover of not less than Rp 100 billion
and act ively operat ing in Foreign Exchange Flow s.
9. In t e rb a n k M o n e y M a rk e t Ba se d o n Sh a ria Principles PUAS
To improve eff iciency in t he management of f unds, a money market is operat ed f or f unds based on Sharia
Principles. The Sharia Int erbank M oney M arket PUAS comprises short-term investments in Rupiahs betw een
market players, based on t he mudharabah principle. In t his act ivit y, Sharia Commercial Banks may engage
in f und placement s andor f und management , w hile convent ional Commercial Banks may engage only in
f und placement s.
10. Supervisory Act ions and Designat ion of Bank Status
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