The majoirity of the board of directors in Shariah banks needs to be Indonesian.
"CHAPTER I - GENERAL PROVISIONS
article 1
In this Financial Services Authority Regulation what is meant by:
1. Bank is a Commercial Bank as referred to in Law Number 7 of 1992 concerning Banking as amended by Act Number 10 of 1998 concerning Amendments to Law Number 7 of 1992 concerning Banking, including branch offices of banks domiciled in abroad, and Islamic Commercial Banks as referred to in Act Number 21 of 2008 concerning Islamic Banking.
[...]
Section 2
(1) Banks may utilize Foreign Workers in carrying out their business activities by complying with the provisions in this Financial Services Authority Regulation.
(2) Utilization of Foreign Workers by Banks as referred to in paragraph (1) must consider the availability of Indonesian Workers.
Article 3
Banks can only utilize Foreign Workers as referred to in Article 2 for the following positions or equivalent:
a. Board of Directors and Board of Commissioners;
b. Executive Officer; and/or
c. Experts or Consultants.
[...]
Article 12
(1) Banks whose 25% (twenty five percent) or more shares are owned by foreign citizens and/or foreign legal entities may utilize Foreign Workers for the positions of:
a. Directors;
b. Board of Commissioners;
c. Executive Officer; and/or
d. Experts or Consultants.
(2) The provisions referred to in paragraph (1) do not apply to Banks that are in the form of branch offices of banks domiciled abroad.
(3) The majority of members of the Board of Directors as referred to in paragraph (1) letter a must be Indonesian citizens.
(4) 50% (fifty percent) or more of the members of the Board of Commissioners as referred to in paragraph (1) letter b must be Indonesian citizens.
(5) The majority of Executive Officers at the Bank's head office must be Indonesian citizens.
Article 13
(1) Banks with less than 25% (twenty five percent) of its shares owned by foreign nationals and/or foreign legal entities, may only employ Foreign Workers for the position of Expert or Consultant.
(2) The provisions referred to in paragraph (1) are exempted for Banks that meet the following criteria:
a. the ownership of foreign citizens and/or foreign legal entities in banks is less than 25% (twenty five percent), but foreign citizens and/or foreign legal entities are PSP Banks; or
b. there is an element of Control from a foreign citizen and/or a foreign legal entity over the Bank.
(3) Banks that meet the exclusion criteria as referred to in paragraph (2) may employ Foreign Workers for the positions of the Board of Directors, Board of Commissioners and/or Experts or Consultants.
Article 14
(1) Branch offices of banks domiciled abroad may only employ Foreign Workers for the positions of:
a. head of branch office; and/or
b. Experts or Consultants.
(2) Among the members of the Management of a Branch Office of a Bank domiciled Overseas as referred to in paragraph (1) letter a there is at least 1 (one) official who is an Indonesian citizen.[...]" (Financial Services Authority Regulation Number 37/POJK.03/2017 of 2017 on the Utilization of Foreign Workers and Knowledge Transfer Programs in the Banking Sector [google translaiton])
Financial Services Authority Regulation Number 37/POJK.03/2017 of 2017 on the Utilization of Foreign Workers and Knowledge Transfer Programs in the Banking Sector [google translaiton]
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