JAKARTA (Yosefardi) – 18 syariah banks have today (July 2) signed Mini Master Repo Agreement (MRA) facility, to engage in repo transaction with conventional banks.
Currently syariah banks’ transactions on repo is relatively small as their syariah or sukuk portfolios only amount Rp5 trillion or 15% of banks’ notes portfolios.
Repo transanstion of conventional banks now reaches Rp750 billion per day, growing from Rp115 billion since its launcing period. Repo transaction for syariah instruments could have tenor of one year.