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The Role of Conventional Bank Implements SDGs Principle Towards Sharia Business Unit Pre-Spin Off 2023
Nikmah Mentari (a), Franciska Mifanyira (b)

(a,b) Post Graduate Law Faculty, Universitas Airlangga
Jl. Dharmawangsa Dalam Selatan, Surabaya, Indonesia


Abstract

The rapid development of Sharia Banking has become an exciting market to become a Conventional Banking industry entrepreneur who is passionate about Sharia Business Unit as diversification in banking transactions. However, the existence of a Sharia Business Unit will be ended in 2023 due to the mandate of the Sharia Banking Act which requires a spin-off. Therefore, the Sharia Business Unit will become an independent Sharia Bank. As part of the parent bank, it is should for the conventional bank to prepare the readiness of Sharia Business Unit before spin-off so that they can compete in the global era based on the SDGs principle and still maintain the sharia compliance. The issue of this study, "What is the urgency of Conventional Bank that implements the principle of SDGs to Sharia Business Unit Pre-Spin Off 2023 and How to implement SDGs Pra-Spin Off by Sharia Business Unit become Bank Umum Syariah". The method applied is normative juridical, which relates to the prevailing norms and legal principles. The approach taken is the statute approach. The outputs are produced by focusing the objectives on SDGs goals which are correlated with Sharia Banking and Good Corporate Governance principles of Sharia Business Unit with Conventional Bank.

Keywords: Coventional Bank, SDGs, Sharia Business Unit, Spin Off

Topic: Islamic Finance and Banking

Link: https://ifory.id/abstract/9F7udzM4tvqf

Conference: THE 4th ANNUAL ISLAMIC FINANCE CONFERENCE (AIFC 2019)

Plain Format | Corresponding Author (Nikmah Mentari)

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