Inflation Control and Financial Facilities Strategy
Principles of Macroprudential Intermediation Ratio (MIR)*
MIR Sharia (Sharia Banks and Sharia
Business Units)
Financing + Owned Sharia Bond
Deposit Issued Sharia Bond
Regulation
MIR (Conventional Commercial Bank)
1
MIR Accounting Formula
Credit Owned Bond
Deposit Issued Bond
2
Rate and Parameters
. Ceiling 94%
•
Ceiling 94%
• Floor 84%
•
Floor 84%
3
Scope of credit/financing
and deposits to calculate
MIR MIR Sharia
4
Source of Data
5
Criteria for securities held
• Minimum Capital Adequacy Requirement • Minimum Capital Adequacy Requirement 14%
14%
Upper disincentive parameter 0.2
• Lower disincentive parameter 0.1
• Credit: rupiah and foreign currency
• For Sharia business units, the Minimum Capital
Adequacy Requirement is the same as that of the
parent conventional commercial bank
• Upper disincentive parameter 0.2
• Lower disincentive parameter 0.1
•
• Deposits in rupiah and a foreign currency: •
(i) demand deposits, (ii) savings deposits;
and (iii) term deposits, excluding interbank
funds
Monthly Commercial Bank Reports
• Corporate bonds and/or corporate sukuk
Financing: rupiah and foreign currency
Deposits in rupiah and a foreign currency: (i)
wadiah savings; and (ii) unrestricted investment
funds, excluding interbank funds
Monthly Sharia Bank Reports
Corporate bonds and/or corporate sukuk
• Issued by a nonbank corporation and by a resident
• Offered to the public through a public offering
•
Equivalent to investment grade rating affirmed by a rating agency
• Administrated by an authorised securities institution
*As part of further relaxation on macroprudential policy, an adjustment will be applied starting from December 2nd, 2019
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