Bank BSN Partners with MBC to Expand Gold-Based Financial Services

JAKARTA, KOMPAS.com – PT Bank Syariah Nasional (Bank BSN) is expanding the development of a gold-based financial ecosystem aligned with Sharia principles through a collaboration with PT Mentari Bayt Coin (MBC).

This partnership includes the provision of Mentari Bayt Coin gold products for Bank BSN, along with a buyback mechanism.

Bank BSN President Director Alex Sofjan Noor stated that the collaboration with MBC is part of the company's strategy to broaden its services while building a Sharia-compliant financial ecosystem that better meets public needs.

"Bank BSN aims to grow alongside the ecosystem. This collaboration with Mentari Bayt Coin creates opportunities to offer alternative gold-based products and services that address the community's financial management needs in accordance with Sharia principles," Alex said in a press release on Saturday (19/9/2026).

According to Alex, gold holds a strong cultural affinity for Indonesians and has long been used as an instrument to preserve asset value.

This circumstance opens opportunities for Sharia banking to provide gold-based services that are increasingly integrated with societal needs.

"Collaboration between the Sharia banking industry and gold businesses has vast potential for growth, especially when supported by an integrated ecosystem and services," he added.

Under this cooperation, MBC supplies Mentari Bayt Coin gold bars to Bank BSN, boasting a purity level of 99.99 percent.

The gold products are certified by the Indonesian National Standard (SNI) and are secured with Bullion Protect technology.

PEXELS/MICHAEL STEINBERG Illustration of gold and gold prices.

MBC also offers products in various denominations, ranging from 1 gram to 100 grams, along with custom sizes tailored to Bank BSN's requirements.

Beyond physical products, the cooperation is supported by digital systems facilitating business-to-business (B2B) transactions.

MBC provides an integrated digital portal that enables Bank BSN to monitor price movements in real-time, issue purchase orders (POs), process payment instruments, and track product deliveries.

The platform also allows Bank BSN to verify the authenticity of physical products by scanning Quick Response (QR) codes.

Through this mechanism, the partnership between Bank BSN and MBC not only covers the supply of gold products but also the transaction and product management processes via digital system support.

Bank BSN also views this collaboration as part of its efforts to expand synergy with various institutions and communities to promote inclusive and sustainable Sharia economic growth.