Question 1

What is Bank Riau Kepri Syariah?

Accepted Answer

Bank Riau Kepri Syariah (BRK Syariah) is an Islamic regional development bank owned by the provincial governments of Riau and Riau Islands (Kepulauan Riau), Indonesia. The bank is unique as a fully Sharia-compliant regional development bank, operating exclusively according to Islamic banking principles without any conventional banking operations.

As a Regional Government-Owned Enterprise (BUMD/Badan Usaha Milik Daerah), Bank Riau Kepri Syariah is supervised by the Indonesian Financial Services Authority (OJK) and participates in the deposit insurance program managed by the Indonesia Deposit Insurance Corporation (LPS).

Question 2

When was Bank Riau Kepri Syariah founded?

Accepted Answer

The bank's history dates back to 1961 when it was established as PT Bank Pembangunan Daerah Riau. In 2004, the bank began developing its Sharia banking services, with the Sharia Unit receiving principle approval from Bank Indonesia on February 27, 2004, and commencing operations on July 1, 2004. The Sharia unit was officially inaugurated on July 22, 2004.

A historic transformation occurred in 2022 when PT Bank Pembangunan Daerah Riau Kepri successfully converted from a conventional commercial bank to a full Islamic commercial bank, becoming PT Bank Pembangunan Daerah Riau Kepri Syariah. This made BRK Syariah the first regional development bank outside of Java to operate entirely under Islamic banking principles.

The bank was also the first regional bank to establish Sharia banking services, demonstrating pioneering leadership in Islamic finance within the regional banking sector.

Question 3

Where is Bank Riau Kepri Syariah headquartered?

Accepted Answer

Bank Riau Kepri Syariah is headquartered in Pekanbaru, Riau Province, at the Dang Merdu Building on Jalan Jenderal Sudirman 462. The main office building, Menara Dang Merdu, houses the bank's primary operations and administrative functions.

Question 4

Where does Bank Riau Kepri Syariah operate?

Accepted Answer

Bank Riau Kepri Syariah operates throughout Riau Province and Riau Islands Province (Kepulauan Riau), with branch offices in Pekanbaru, Tanjung Pinang, and other cities across both provinces. The bank also maintains a branch office in Jakarta, extending its reach beyond its primary regional markets.

The bank serves communities across both provinces with branches strategically located to provide accessible Islamic banking services to customers in urban and developing areas.

Question 5

What services does Bank Riau Kepri Syariah offer?

Accepted Answer

Bank Riau Kepri Syariah offers a comprehensive range of Sharia-compliant banking products and services. These include Islamic savings accounts (such as Tabungan iB SINAR), Sharia time deposits, Islamic giro accounts, and hajj and umrah savings plans including Tabungan iB Dhuha for both regular hajj (through SISKOHAT) and hajj plus programs.

Financing products include Islamic gold pawn services (iB Gadai Emas), UMKM financing for micro, small, and medium enterprises, agricultural sector financing including palm oil plantation financing, and various consumer and commercial Islamic financing products using contracts such as wadiah (safekeeping), mudharabah (profit-sharing), and murabahah (cost-plus financing).

Digital services include mobile banking applications, internet banking, ATM networks, QRIS payment systems, and electronic data capture (EDC) terminals for merchant transactions.

Question 6

What makes Bank Riau Kepri Syariah unique?

Accepted Answer

Bank Riau Kepri Syariah is distinguished as the first regional development bank outside Java to convert entirely to Islamic banking principles, making it a pioneer in Sharia banking among regional banks. The bank established Indonesia's first Sharia Digital Center in 2021, serving as an innovation hub for digital Islamic financial services and business incubation.

The Sharia Digital Center functions as a training and development facility for startups and fintech companies focused on Sharia-compliant digital financial services, demonstrating the bank's commitment to technological advancement in Islamic banking. The bank has received strong support from regulatory bodies including the Financial Services Authority (OJK) and Bank Indonesia for its digital innovation initiatives.

As a dual-province institution serving both Riau and Riau Islands, Bank Riau Kepri Syariah maintains a unique position supporting Islamic economic development across two distinct provincial markets while upholding strict adherence to Sharia principles in all its operations.

Question 7

What type of financial institution is Bank Riau Kepri Syariah?

Accepted Answer

Bank Riau Kepri Syariah is a Regional Development Bank (Bank Pembangunan Daerah or BPD) operating as a full Sharia Commercial Bank (Bank Umum Syariah). This makes it a unique hybrid institution combining the regional development mandate of BPDs with the Islamic banking principles of Sharia commercial banks.

The bank is regulated under both the Regional Development Bank framework and Islamic banking regulations in Indonesia. As a Sharia bank, all its products, services, and operations must comply with Islamic law principles as overseen by its Sharia Supervisory Board and guided by decisions from the National Sharia Board of the Indonesian Ulema Council (MUI).

Bank Riau Kepri Syariah

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