www.cpifinancial.net - The bank’s Chairman, Datuk Kamaruddin Taib, revealed to Islamic Business & Finance that he will be flying to Shanghai tomorrow (1 June) to take a closer look at a prospect in China’s most populous city. (source)
“The
good thing about being in Malaysia is that you are not
Kamis, 31 Mei 2012
MALAYSIA - FINANCE - Introduction of Collateralised Murabahah
www.bnm.gov.my - Bank Negara Malaysia wishes to announce the introduction of a new Islamic monetary instrument, the Collateralised Murabahah.
Collateralised Murabahah is essentially a Shariah-compliant financing
secured by assets in which the financier has the right to sell the asset
should the client fail to repay the financing. It combines the widely
accepted Murabahah financing transaction
Collateralised Murabahah is essentially a Shariah-compliant financing
secured by assets in which the financier has the right to sell the asset
should the client fail to repay the financing. It combines the widely
accepted Murabahah financing transaction
MALAYSIA - FINANCE - Bank Negara introduces new Islamic instrument
www.theborneopost.com -KUALA LUMPUR: Bank Negara yesterday announced introduction of a new Islamic monetary instrument, Collateralised Murabahah.
It
said Collateralised Murabahah was essentially a syariah-compliant
financing secured by assets in which the financier had the right to sell
the asset should the client fail to repay the financing.
“It
combines the widely accepted Murabahah
It
said Collateralised Murabahah was essentially a syariah-compliant
financing secured by assets in which the financier had the right to sell
the asset should the client fail to repay the financing.
“It
combines the widely accepted Murabahah
INDONESIA - CAPITAL MARKETS - Indosat Aims to Cash Trillions From Bonds
www.thejakartaglobe.com - Indosat, the country’s second-largest mobile phone operator, plans to
raise Rp 2.5 trillion ($267 million) from selling conventional and
Islamic bonds next month. The Jakarta-based mobile operator
plans to sell Rp 2 trillion of seven- and 10-year conventional bonds
next month and Rp 500 billion of seven-year Islamic bond at the end of
June this year. The company
raise Rp 2.5 trillion ($267 million) from selling conventional and
Islamic bonds next month. The Jakarta-based mobile operator
plans to sell Rp 2 trillion of seven- and 10-year conventional bonds
next month and Rp 500 billion of seven-year Islamic bond at the end of
June this year. The company
Rabu, 30 Mei 2012
INDONESIA - CAPITAL MARKETS - Interest coupon of 9.1%, INDOSAT Bonds / Sukuk Strengthen Network
WWW.INILAH.COM,
Jakarta - PT Indosat Tbk (ISAT) will offer a coupon rate of bonds VIII
in 2012 in the range 7.875% -9.125% of the issuance of Rp2 trillion. A total of 65% to pay for a network license.PT Indosat Tbk (ISAT) will offer bonds VIII of 2012 with a fixed rate of Rp2 trillion. In
addition, the company also offers the sukuk Ijarah Indosat V in 2012
with the rest of the rewards as much
Jakarta - PT Indosat Tbk (ISAT) will offer a coupon rate of bonds VIII
in 2012 in the range 7.875% -9.125% of the issuance of Rp2 trillion. A total of 65% to pay for a network license.PT Indosat Tbk (ISAT) will offer bonds VIII of 2012 with a fixed rate of Rp2 trillion. In
addition, the company also offers the sukuk Ijarah Indosat V in 2012
with the rest of the rewards as much
INDONESIA - CAPITAL MARKETS - Sukuk Bank Muamalat yielding 9.5% -10.5%
www.kontan.co.id - JAKARTA. Sustainable Subordinated Sukuk Bank Muamalat Indonesia officially launched. Issuance of Sukuk rated A Pefindo this is the first stage with a value of Rp 500 billion with the results of 9.5% -10.5%. "Sukuk has a term of 10 years with an option to buy in its fifth year," said the CEO of Bank Muamalat Arviyan Arifin, Wednesday (30/5) after the Public Expose Public
INDONESIA - HALAL - INDHEX 2012 Indonesia Halal Expo (July 5-8, 2012 Jakarta)
www.halalmui.org - LPPOM MUI as halal certification bodies and the world halal center of the duty to disseminate information to the public about the products certified halal. After the success of Indonesia Halal Expo (INDHEX) 2011, again held LPPOM MUI Halal Expo Indonesia (INDHEX) 2012. With the theme "Halal is My Life", INDHEX 2012 will be held on June 5 to July 8, 2012 at Exhibition Hall
INDONESIA - CAPITAL MARKETS - Bank Muamalat Open Option Right Issue
WWW.REPUBLIKA.CO.ID,
JAKARTA - Bank Muamalat will open a rights issue (the right to order
the new shares) if the share registration (listing) in Indonesia Stock
Exchange (BEI) conducted this year. This was done to increase the capital of the company.Director of Bank Muamalat, Arviyan Arifin said it has two options in the plan the company shares on the stock registration. First, the Bank
JAKARTA - Bank Muamalat will open a rights issue (the right to order
the new shares) if the share registration (listing) in Indonesia Stock
Exchange (BEI) conducted this year. This was done to increase the capital of the company.Director of Bank Muamalat, Arviyan Arifin said it has two options in the plan the company shares on the stock registration. First, the Bank
INDONESIA - CAPITAL MARKETS - Sukuk Bank Muamalat so Rp500 billion
www.bisnis.com - JAKARTA:
PT Bank Muamalat Indonesia Tbk subordinated sukuk lower emission values
of phase 1 of the original plan of Rp 800 billion to Rp500 billion.Based
on the company's publications, the first Islamic bank in Indonesia will
issue subordinated sukuk (subdebt) phase 1 worth 500 billion, which is
part of the ongoing public offering valued at Rp1, 5 trillion.This
is in
PT Bank Muamalat Indonesia Tbk subordinated sukuk lower emission values
of phase 1 of the original plan of Rp 800 billion to Rp500 billion.Based
on the company's publications, the first Islamic bank in Indonesia will
issue subordinated sukuk (subdebt) phase 1 worth 500 billion, which is
part of the ongoing public offering valued at Rp1, 5 trillion.This
is in
INDONESIA - CAPITAL MARKETS - Mudaraba Sukuk Bank Muamalat Release $ 500 Billion
www.investor.co.id- JAKARTA
- Bank Muamalat off mudharabah subordinated sukuk amounting to Rp 500
billion as the first stage of the issuance of bonds under syariah
principle of it."The
amount represents the first stage of all our subordinated sukuk
amounting to Rp 1.5 trillion," said the CEO of Bank Muamalat Arviyan
Arifin public exposure after the issuance of Sukuk in Jakarta,
- Bank Muamalat off mudharabah subordinated sukuk amounting to Rp 500
billion as the first stage of the issuance of bonds under syariah
principle of it."The
amount represents the first stage of all our subordinated sukuk
amounting to Rp 1.5 trillion," said the CEO of Bank Muamalat Arviyan
Arifin public exposure after the issuance of Sukuk in Jakarta,
INDONESIA - CAPITAL MARKETS - Bank Muamalat offer 9.5% - 10.5% for Sukuk
www.bisnis.com - JAKARTA: Indonesia Tbk, PT Bank Muamalat offer for the equivalent of 9.5% - 10.5% in stage I emission subordinated sukuk amounting to Rp 500 billion. "Underwriters and the Bank Muamalat has set for a yield of 9.5% - 10.5% for these emissions," said Iman Hilmansah, Managing Director of PT Danareksa Securities, one of the underwriters after the public exposure, today, Wednesday,
INDONESIA - BANKING - QNB Kesawan credit card launched in December 2012
www.bisnis.com - JAKARTA: PT Bank QNB Kesawan Tbk optimistic to launch credit card services by the end of this year. Director of QNB Bank Kesawan Madi D. Blue revealed the issuance of a credit card service is scheduled to hold a Visa. "We are just waiting for approval from the BI. Expected to be rolled in December this year because it was included in the RBB in 2012. I'll probably hold a Visa or
INDONESIA - BANKING - Maybank Islamic banking can spur national passion
www.bisnis.com - BANDUNG:
The presence of the largest financial services group from Malaysia,
Malayan Banking Berhad or Maybank, who is preparing to set up a home
office base in Indonesia is believed to spur the development of Islamic
banking passion grew more aggressive. Chairman
of the National Sharia Council (DSN) Maruf Amin said the planned
opening of the office because Indonesia has
INDONESIA - HR - BI design incentives for training Islamic center
www.bisnis.com - BANDUNG: Bank Indonesia plans to provide incentives for establishing Islamic banking training center. That, to improve the quantity and quality of human resources in order to sustain the industry sharia grow faster. Deputy
Governor of Bank Halim Indonesia Alamsyah said Islamic banking is
currently occupying the number two in the world in the number of
products and the number
Governor of Bank Halim Indonesia Alamsyah said Islamic banking is
currently occupying the number two in the world in the number of
products and the number
INDONESIA - RATINGS - Bank Muamalat Indonesia Tbk.
new.pefindo.com -PEFINDO affirmed its “idA+” rating to PT Bank Muamalat Indonesia Tbk (BBMI or the Bank) with a ‘stable’ outlook. At the same time, PEFINDO also assigned “idA”
rating to the Bank’s proposed Sukuk Subordinated Bond under PUB scheme
with amount of up to IDR1.5 trillion. The rating reflects the strong
support from Islamic Development Bank (IDB), high growth potential of
sharia
rating to the Bank’s proposed Sukuk Subordinated Bond under PUB scheme
with amount of up to IDR1.5 trillion. The rating reflects the strong
support from Islamic Development Bank (IDB), high growth potential of
sharia
INDONESIA - CAPITAL MARKETS - Bank Muamalat issues sukuk mudharabah worth Rp500 bln
www.antaranews.com - Jakarta (ANTARA
News) - Islamic lender Bank Muamalat on Wednesday announced the issuance
of sukuk mudharabah (profit-sharing bonds) worth Rp500 billion as the
first phase of its plan to issue subordinated sukuk (sharia bonds) worth
Rp1.5 trillion.
"This is the first phase of the issuance of all of our subordinated
sukuk, totalling Rp1.5 trillion," Bank Muamalat
News) - Islamic lender Bank Muamalat on Wednesday announced the issuance
of sukuk mudharabah (profit-sharing bonds) worth Rp500 billion as the
first phase of its plan to issue subordinated sukuk (sharia bonds) worth
Rp1.5 trillion.
"This is the first phase of the issuance of all of our subordinated
sukuk, totalling Rp1.5 trillion," Bank Muamalat
Selasa, 29 Mei 2012
INDONESIA - HALAL - LPPOM-MUI launches CEROL-SS23000
www.halalmui.org - Jakarta - To increase the halal certification services, LPPOM MUI halal certification will launch an online service called CEROL-SS23000 (Certification Online Service System 23 000). This launch will be held on Thursday, May 24, 2012 held at Hotel Aryaduta, Tani Monument, Jakarta. For companies that have been certified halal get an invitation, please immediately take further
INDONESIA - HALAL - CEROL launch-SS23000; Halal Certification Services Online Fast, And Transparent
www.halalmui.org - Jakarta
- Research Institute for Food, Drugs, and Cosmetics Indonesian Ulema
Council (MUI LPPOM) launches Online Certification Service System
(CEROL-SS) 23000, on May 24, 2012 in Jakarta. Code number 23 000 on the momentum of this system shows that the MUI LPPOM Milad-23 when the system was developed and launched. "This
system is designed to be able to provide halal
- Research Institute for Food, Drugs, and Cosmetics Indonesian Ulema
Council (MUI LPPOM) launches Online Certification Service System
(CEROL-SS) 23000, on May 24, 2012 in Jakarta. Code number 23 000 on the momentum of this system shows that the MUI LPPOM Milad-23 when the system was developed and launched. "This
system is designed to be able to provide halal
INDONESIA - HALAL - Indonesia: Ulema council launches online halal certification service
www.halalfocus.net - Agency
of Indonesian Ulema Council (LPPOM MUI) launched an online halal
certification service called CEROL – SS 23000 here on Thursday.
“The CEROL certification system will accelerate the process of halal
certification for products and improve the agency`s documentation
system,” LPPOM Director Lukmanul Hakim stated here on Thursday.
According to Lukmanul, the online
of Indonesian Ulema Council (LPPOM MUI) launched an online halal
certification service called CEROL – SS 23000 here on Thursday.
“The CEROL certification system will accelerate the process of halal
certification for products and improve the agency`s documentation
system,” LPPOM Director Lukmanul Hakim stated here on Thursday.
According to Lukmanul, the online
INDONESIA - CAPITAL MARKETS - Muamalat’s sukuk to be launched in third week of June
www.thejakartapost.com - PT Bank Muamalat, one of the country’s major sharia banks, will issue Islamic bonds (sukuk) worth Rp 800 billion (US$84.8 million) in the third week of June.
Muamalat’s
compliance and risk management director Andi Buchari told reporters on
Monday he hoped the financial market would be bullish again later next
month so that the new sukuk would be fully subscribed by
Muamalat’s
compliance and risk management director Andi Buchari told reporters on
Monday he hoped the financial market would be bullish again later next
month so that the new sukuk would be fully subscribed by
INDONESIA - ECONOMY - Dozens Train Sukabumi Kader Apply Sharia Economy
WWW.REPUBLIKA.CO.ID, SUKABUMI - District Sukabumi dozens of cadres to prepare for implementing the concept of Islamic economics. This is done related to the launching of the District as an area of miniature Sukabumi econ omi-Islamic past in late 2011.''
They trained for two days in London to be ready in the field,'' said
Chairman Amil Zakat (BAZ) Sukabumi district, Mustafa Kamal, told Reuters
They trained for two days in London to be ready in the field,'' said
Chairman Amil Zakat (BAZ) Sukabumi district, Mustafa Kamal, told Reuters
INDONESIA - LEASING - Semester II, Al Ijarah Muamalat Acquisition Completed
WWW.REPUBLIKA.CO.ID, JAKARTA - Bank Muamalat plans to complete the acquisition of Al Ijarah Indonesia Finance (Alif) in the second half. For the acquisition Muamalat spend about Rp 70 billion. "Target is completed in the second half and it has been approved in general meeting of shareholders," said Director of Compliance and Risk Management of Bank Muamalat, Andi Buchori, the Office of Bank
INDONESIA - BANKING - Muamalat not for dividends
www.bisnis.com - JAKARTA: General Meeting of Shareholders of PT Bank Muamalat Indonesia Tbk company decided not to pay dividends to net income of 2011. Based on the company's publications are published today, the entire net profit of Rp273 2011, 62 billion, the company is allocated to reserves, and no dividends. Some of these reserves are allocated for bonus (bonus) The Board of Commissioners,
INDONESIA - BANKING - Financing Bank foreign exchange of U.S. $ 30 million Muamalat
www.bisnis.com - JAKARTA:
PT Bank Muamalat Tbk will channel financing in foreign currency to the
middle class of U.S. companies $ 30 million in up to 2 months. Director
of Finance and Operations Muamalat Hendiarto reveal that value is part
of the distribution plan of financing in foreign exchange (FX) so far
this year as much as U.S. $ 250 million. "We
currently have funding FX Rp170
PT Bank Muamalat Tbk will channel financing in foreign currency to the
middle class of U.S. companies $ 30 million in up to 2 months. Director
of Finance and Operations Muamalat Hendiarto reveal that value is part
of the distribution plan of financing in foreign exchange (FX) so far
this year as much as U.S. $ 250 million. "We
currently have funding FX Rp170
INDONESIA - OPINION - Money Wise: Is Your Credit Card a Friend Or a Foe?
www.thejakartaglobe.com - Collin Bloodworth - Credit card growth has exploded in Indonesia over recent years as a rising middle class embraces its newfound affluence. Credit
cards reduce the amount of cash people need to carry and make it easier
to shop online and book flights or hotels. They also enable people to
purchase items weeks before having the cash to pay for them. And the benefits do
cards reduce the amount of cash people need to carry and make it easier
to shop online and book flights or hotels. They also enable people to
purchase items weeks before having the cash to pay for them. And the benefits do
Minggu, 27 Mei 2012
INDONESIA - CAPITAL MARKETS - Sukuk Yields on the Slide as Govt Swamped With Eager Investors
www.thejakartaglobe.com - Yields on Indonesia’s Islamic bonds posted their first weekly decline
this month on speculation supply will wane after the government rejected
bids at an auction for the first time since March. The yield on
the 5.45 percent sukuk due January 2022 fell one basis point this week
to 6.72 percent, the first drop since the period ending April 29. The
spread between the
this month on speculation supply will wane after the government rejected
bids at an auction for the first time since March. The yield on
the 5.45 percent sukuk due January 2022 fell one basis point this week
to 6.72 percent, the first drop since the period ending April 29. The
spread between the
INDONESIA - HALAL - Mayora Commitment of Halal assurance
www.mayora.com -Mayora,as one of the biggest FMCG company in Indonesia, realizes that
Halal assurance for its products is one of the essential pillars in
producing high quality and safe to be consumed products. This protects
not only Indonesian consumers but also global consumers.
From March to April 2012, every factory within Mayora Group took turn
in having an audit process, a
Halal assurance for its products is one of the essential pillars in
producing high quality and safe to be consumed products. This protects
not only Indonesian consumers but also global consumers.
From March to April 2012, every factory within Mayora Group took turn
in having an audit process, a
Sabtu, 26 Mei 2012
INDONESIA - BANKING - Syariah-Maybank BII merger not complete
WWW.REPUBLIKA.CO.ID,
Bogor - Bank International Indonesia (BII) are still awaiting the
outcome of internal decision related to the consolidation of business
units and Maybank BII Shariah.Up to now, between BII and Maybank still discussing the options available, namely Maybank BII mengakuisisi sharia or otherwise."What
is our current focus is to expand our business units of sharia," said
Bogor - Bank International Indonesia (BII) are still awaiting the
outcome of internal decision related to the consolidation of business
units and Maybank BII Shariah.Up to now, between BII and Maybank still discussing the options available, namely Maybank BII mengakuisisi sharia or otherwise."What
is our current focus is to expand our business units of sharia," said
INDONESIA - CAPITAL MARKETS - Market Makers not Affect Muamalat Sukuk Issuance
WWW.REPUBLIKA.CO.ID, JAKARTA - uncertain market conditions affect the Muamalat intention in issuing sukuk. Muamalat Bank plans to issue sukuk next month. "We still see the conditions," said Director of Finance Bank Muamalat, Hendiarto, through the launch of a new logo Muamalat at Four Season Hotel on Friday (25/5) night. If market conditions do not allow, then the issue will be postponed until
INDONESIA - REGULATIONS - BI Introduces New License Scheme to Keep Banks Healthy
www.thejakartaglobe.com - Banks in Indonesia will need to gain new licenses as they seek to expand
their operations as part of a central bank move to ensure the nation’s
financial players remain healthy and well-capitalized. The
multiple-license system will replace the existing practice of banks
requiring just a single license, after which they have widespread
freedom in conducting their
their operations as part of a central bank move to ensure the nation’s
financial players remain healthy and well-capitalized. The
multiple-license system will replace the existing practice of banks
requiring just a single license, after which they have widespread
freedom in conducting their
Jumat, 25 Mei 2012
INDONESIA - BANKING - Improve Performance, BNI Syariah Rotation of Directors
WWW.REPUBLIKA.CO.ID,
JAKARTA - In order to maximize the company's management, Bank Negara
Indonesia (BNI) Syariah change the formation directors. BNI Syariah directors who previously only be filled by three men, now increased by one.The
Annual General Meeting of Shareholders held on Thursday (24/5)
afternoon also discussed about the rotational position of the parent to
the subsidiary. One
JAKARTA - In order to maximize the company's management, Bank Negara
Indonesia (BNI) Syariah change the formation directors. BNI Syariah directors who previously only be filled by three men, now increased by one.The
Annual General Meeting of Shareholders held on Thursday (24/5)
afternoon also discussed about the rotational position of the parent to
the subsidiary. One
INDONESIA - BANKING - Bank Indonesia to Increase Regulation Through Multiple Licenses
www.thejakartaglobe.com - In an effort to guide banks and implement a set of standardized
policies, Bank Indonesia plans to require banks to obtain multiple
licenses for individual activities.Under the new plan, licenses
will be issued based on the “capital condition” of banks, and only those
institutions with hearty capital reserves will be eligible for the
multiple licenses — it’s a move
policies, Bank Indonesia plans to require banks to obtain multiple
licenses for individual activities.Under the new plan, licenses
will be issued based on the “capital condition” of banks, and only those
institutions with hearty capital reserves will be eligible for the
multiple licenses — it’s a move
BRUNEI - HALAL - Brunei Halal eyes European made goods for Asia
www.bt.com.bn - BRUNEI Halal brand is hoping to introduce European-made products in Asia
under the brand name in future, as opposed to only having Asian
manufactured products distributed in Europe, said the brand's owners,
Brunei Wafirah Holdings Sdn Bhd.Feby Latip, general manager of
Brunei Wafirah Holdings, said that the products made under the brand are
manufactured in Asia and are only
under the brand name in future, as opposed to only having Asian
manufactured products distributed in Europe, said the brand's owners,
Brunei Wafirah Holdings Sdn Bhd.Feby Latip, general manager of
Brunei Wafirah Holdings, said that the products made under the brand are
manufactured in Asia and are only
INDONESIA - BANKING - BSM posts net profit of rp193 bln in Q1
www.antaranews.com - Jakarta (ANTARA
News) - Bank Syariah Mandiri (BSM), a sharia unit of Indonesia`s largest
state lender Bank Mandiri, posted a net profit of Rp192.72 billion in
the first quarter of 2012, up by 42.87 percent from a year earlier.
"The net profit hike was mainly contributed by margin income and
profit sharing," the bank said in a press statement released here on
Tuesday.
News) - Bank Syariah Mandiri (BSM), a sharia unit of Indonesia`s largest
state lender Bank Mandiri, posted a net profit of Rp192.72 billion in
the first quarter of 2012, up by 42.87 percent from a year earlier.
"The net profit hike was mainly contributed by margin income and
profit sharing," the bank said in a press statement released here on
Tuesday.
WORLD - PUBLICATIONS - Sesric : Islamic Finance in OIC Member Countries
www.sesric.org - Islamic finance is emerging as an alternative source of finance in
addressing the major development challenges faced by many Organization
of Islamic Cooperation (OIC) countries. The global market for Islamic
financial services, as measured by the total volume of Shariah compliant
assets, is estimated to have reached US$ 1.1 trillion at end-2011. OIC
countries, with a
addressing the major development challenges faced by many Organization
of Islamic Cooperation (OIC) countries. The global market for Islamic
financial services, as measured by the total volume of Shariah compliant
assets, is estimated to have reached US$ 1.1 trillion at end-2011. OIC
countries, with a
Kamis, 24 Mei 2012
AUSTRALIA - BANKING - Middle East banks (Albaraka - QNB) turn to Australia
www.theage.com.au - MIDDLE Eastern and Asian banks are eyeing an entry into the
Australian market, with several believed to have started in recent
months the long process of securing a banking licence.
The move should fill a financing gap caused by some stressed European lenders scaling back their exposure to Australia.
Towards the end of last year, European groups pulled
$16.7 billion
Australian market, with several believed to have started in recent
months the long process of securing a banking licence.
The move should fill a financing gap caused by some stressed European lenders scaling back their exposure to Australia.
Towards the end of last year, European groups pulled
$16.7 billion
INDONESIA - BANKING - BNI SHARIA: flatten the composition of the board of directors
www.bisnis.com - JAKARTA: PT Bank Negara Indonesia Sharia remodel the composition of the board of directors and commissioners by the General Meeting of Shareholders held today. The Company also increased the number of directors from the previous three to four people along with increased responsibility for the assets that the greater the BNI Syariah. Achjar Iljas, Commissioner of the BNI Syariah,
INDONESIA - BANKING - ISLAMIC BUKOPIN: immediately replace chairman
www.bisnis.com - JAKARTA: PT Bank Syariah Bukopin, a subsidiary of PT Bank Bukopin Tbk, will hold a General Meeting of Shareholders at the Extraordinary next week to replace the Commissioner. Riyanto, Managing Director of Bank Syariah Bukopin, said Extraordinary General Meeting was held by a particular company raised Commissioner Major (commute) the new, to replace Sudarmin Sjamsoe who has been
INDONESIA - BANKING - Bank Mandiri Syariah Post the First Quarter Earnings Rp192, 72 M
WWW.REPUBLIKA.CO.ID, JAKARTA-Through First Quarter of 2012, Bank Syariah Mandiri (BSM) recorded excellent growth. One indicator is the growth in net profit. BSM net profit at the end of March 2012 for Rp192, 72 billion, up 42.87% compared to net income of BSM end of March 2011 amounting to Rp 134.89 billion. The biggest contributor to the increase in net profit margin is revenue and profit
INDONESIA - CAPITAL MARKETS - Assessment of auction May 22, 2012
Title
Assessment of Securities Auction Results Sukuk Islamic State Or Country Series PBS001 (Reopening), PBS002 (Reopening), PBS003 (Reopening), and PBS004 (Reopening) May 22, 2012
Data source
Monetary Management Department
Date22-05-2012
INDONESIA - TAXATION - Tax for Capital Gain of Shares Raised to 2.5%
www.theindonesiatoday.com -JAKARTA, Indonesia Today
- Tax General Directorate plans to impose 2.5% tax to capital gain from
shares transaction undertaken by the founder of listed companies,
compared to current 0.5% tax, Bisnis Indonesia reported this morning.
Fuad Rahmany, Tax Directorate General, said his office is now preparing
this plan which will be formulated in the government
- Tax General Directorate plans to impose 2.5% tax to capital gain from
shares transaction undertaken by the founder of listed companies,
compared to current 0.5% tax, Bisnis Indonesia reported this morning.
Fuad Rahmany, Tax Directorate General, said his office is now preparing
this plan which will be formulated in the government
INDONESIA - BANKING - Indonesia ruling may hurt Malaysian banks' earnings
www.btimes.com.my - KUALA LUMPUR: Malaysia's top two banks could be
dealt a bigger blow than expected if Indonesia limits the maximum stake a
single shareholder can own in its banks to below 50 per cent, as news
reports from Jakarta suggested.
A Reuters report yesterday said Bank Indonesia was set to announce next
month a reduction in the single-shareholder threshold from 99 per cent
dealt a bigger blow than expected if Indonesia limits the maximum stake a
single shareholder can own in its banks to below 50 per cent, as news
reports from Jakarta suggested.
A Reuters report yesterday said Bank Indonesia was set to announce next
month a reduction in the single-shareholder threshold from 99 per cent
INDONESIA - BANKING - DBS bid to take over Danamon in limbo
www.thejakartapost.com -A proposed change to Indonesia's bank ownership limits is threatening to dash DBS Group's bid to take over Bank Danamon.
Sources
told Reuters that Indonesia's central bank is planning to limit the
maximum stake a single shareholder can take in the country's banks to
below 50 per cent, down from 99 per cent now.
This would likely scupper DBS' plan to buy a 67.4 per cent
Sources
told Reuters that Indonesia's central bank is planning to limit the
maximum stake a single shareholder can take in the country's banks to
below 50 per cent, down from 99 per cent now.
This would likely scupper DBS' plan to buy a 67.4 per cent
INDONESIA - REGULATONS - Indonesia Set to Cap Bank Owners’ Stakes: Sources
www.thejakartaglobe.com - Singapore/Jakarta. Indonesia’s central
bank is set to limit the maximum stake a single shareholder can take in
the country’s banks to below 50 percent, a move that could scupper
Singapore-based DBS Group’s $7.3 billion bid for Bank Danamon. DBS’s
acquisition plans were thrown into limbo late last month when the
Indonesian central bank said it would not approve the
Rabu, 23 Mei 2012
INDONESIA - ARTICLES - Deposit behaviour in Indonesia Islamic banking : do crisis and fatwa matter?
Deposit behaviour in Indonesia Islamic banking :
do crisis and fatwa matter?
In: Indonesia Islamic Banking Research Forum 2011, 16-17 December, 2011, Padjajaran University, Bandung.
Abduh, Muhamad and Sukmana, Raditya (2011)
Abstract -This
paper attempts to examine factors that influence deposit behaviour of
bank depositors in Indonesia Islamic banking. Several explanatory
variables are
Minggu, 20 Mei 2012
INDONESIA - INVESTMENT - Indonesian Corruption Is Hurting Foreign Investment: Standard & Poor’s
www.thejakartaglobe.com - Standard & Poor’s rating agency, the lone holdout among its peers in
keeping Indonesia’s sovereign debt rating one notch below investment
grade, says corruption is choking off foreign direct investment. In
a report on Thursday — titled “Indonesia’s Foreign Direct Investments
Surge Despite Some Less Alluring Factors” — analysts Agost Benard and
John Chambers said
keeping Indonesia’s sovereign debt rating one notch below investment
grade, says corruption is choking off foreign direct investment. In
a report on Thursday — titled “Indonesia’s Foreign Direct Investments
Surge Despite Some Less Alluring Factors” — analysts Agost Benard and
John Chambers said
WORLD - REGULATONS - AAOIFI announces the finishing of new seven shari'a standards
www.ameinfo.com - The Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) announces the
finishing of new seven shari'a standards, which shall be added to the existing 41 shari'a standards and the 40 accounting standards which have been announced previously.
Minhaj Advisory, in its turn, organizes an event for announcing
these standards, the event titled: "Ceremony
finishing of new seven shari'a standards, which shall be added to the existing 41 shari'a standards and the 40 accounting standards which have been announced previously.
Minhaj Advisory, in its turn, organizes an event for announcing
these standards, the event titled: "Ceremony
Jumat, 18 Mei 2012
INDONESIA- TAKAFUL - Sharia insurance to be standardized this year
www.thejakartaglobe.com -The Association of Sharia Insurance of Indonesia (ASII) plans
to standardize the sharia insurance sector by releasing sharia insurance
policy standards by the beginning of second half of this year.
ASII
chairman M. Shaifie Zein said that standardization was needed so that
customers had certainty regarding sharia insurance policies.
The regulation will not
to standardize the sharia insurance sector by releasing sharia insurance
policy standards by the beginning of second half of this year.
ASII
chairman M. Shaifie Zein said that standardization was needed so that
customers had certainty regarding sharia insurance policies.
The regulation will not
INDONESIA - TAKAFUL - Sales Takaful tightened
www.kontan.co.id - JAKARTA. In the near future, the sale of Islamic insurance products would be more orderly. Sharia Insurance Association of Indonesia (AASI) will be issued two guidelines to curb the marketing of insurance products. The policy includes guidelines for the certification agency and an insurance policy.M. Shaifie, Chairman of AASI expressed, as long as many conventional insurance
INDONESIA - BANKING - MICRO FINANCE: Victoria Sharia achieve a target contribution of 45%
www.bisnis.com - JAKARTA:
PT Bank Syariah Victoria is committed to boost micro financing business
this year with a target of having contributed 45% of all loans
disbursed.Idayanti
Sari, Managing Director of Victoria Islamic Bank, said micro-finance
portfolio since its launch in December 2011 has reached Rp65 billion by
the end of April 2012"Microfinance
we launched last December, because
PT Bank Syariah Victoria is committed to boost micro financing business
this year with a target of having contributed 45% of all loans
disbursed.Idayanti
Sari, Managing Director of Victoria Islamic Bank, said micro-finance
portfolio since its launch in December 2011 has reached Rp65 billion by
the end of April 2012"Microfinance
we launched last December, because
Kamis, 17 Mei 2012
INDONESIA - BANKING - BNI Syariah Microfinance Expansion
WWW.REPUBLIKA.CO.ID, JAKARTA - Bank Negara Indonesia (BNI) Syariah will develop micro-finance service this summer. Currently there is a new micro-finance services in five places in Bogor and its surrounding areas. "Microfinance pilot project this year," said Director of Business BNI Syariah, Bambang Widjanarko, Thursday (17/5). (source)
Micro-finance will vary with the financing of small and
MALAYSIA - CAPITAL MARKETS - Malaysia tax breaks spur sukuk rally
www.btimes.com.my - Malaysia’s efforts to become a global hub for Islamic finance by
offering tax breaks is driving a record rally in foreign-currency sukuk,
and arrangers say interest is increasing among local issuers.
Standard Chartered Plc is in talks with about five companies to
manage deals amounting to at least $1 billion, Leon Koay, the Kuala
Lumpur-based head of global markets, said
offering tax breaks is driving a record rally in foreign-currency sukuk,
and arrangers say interest is increasing among local issuers.
Standard Chartered Plc is in talks with about five companies to
manage deals amounting to at least $1 billion, Leon Koay, the Kuala
Lumpur-based head of global markets, said
INDONESIA - CAPITAL MARKETS - Indonesia's Indosat to Boost Bond Sale To Rp 3t, Citing High Demand
www.thejakartaglobe.com - Indosat, the country’s second-largest mobile-phone operator, is
considering increasing the size of its planned bond sale by 20 percent
next month to cater to growing demand by investors, an executive said. The
Jakarta-based company plans to increase the bond to Rp 3 trillion ($324
million) from the original plan of Rp 2.5 trillion, said Curt Stefan
Carlsson, chief
considering increasing the size of its planned bond sale by 20 percent
next month to cater to growing demand by investors, an executive said. The
Jakarta-based company plans to increase the bond to Rp 3 trillion ($324
million) from the original plan of Rp 2.5 trillion, said Curt Stefan
Carlsson, chief
INDONESIA - WAQF - Indonesia Should Be Emulated For Creativity In Developing Endowment Land
www.bernama.com.my - SEPANG, May 17 (Bernama) -- Malaysia can emulate Islamic bodies in
Indonesia in their creative development of endowment land despite
financial constraints.
Minister in the Prime Minister's Department Datuk Seri Jamil Khir
Baharom said they used endowment land for schools, universities and
hospitals.
"We agree to study how they are able to develop the economy and
Indonesia in their creative development of endowment land despite
financial constraints.
Minister in the Prime Minister's Department Datuk Seri Jamil Khir
Baharom said they used endowment land for schools, universities and
hospitals.
"We agree to study how they are able to develop the economy and
Selasa, 15 Mei 2012
INDONESIA - CAPITAL MARKETS - Indonesia aims to auction Islamic bond
in.news.yahoo.com -Jakarta,
May 15 (Xinhua-ANI): The Indonesian finance minister plans to auction
Islamic bond on May 22, as an effort to develop the market for the
Islamic instrument, a statement from the ministry said here on Tuesday.
The sales with indicative target
of one trillion rupiah (some 108.45 million U.S. dollar) that would be
used to help plug the budget deficit this year.
THAILAND - CAPITAL MARKETS - Islamic Bank of Thailand sends out RFP for sukuk
www.financeasia.com -The Islamic Bank of Thailand has asked a group of banks to submit proposals for a baht-denominated sukuk
by this Friday. However, the formal request for proposals (RFP) has
come as a surprise because the deal has been in the works for the past
few years and Malaysian bank CIMB has already been working on it.
“I’m not sure why they sent out an RFP. I’m not sure if CIMB
by this Friday. However, the formal request for proposals (RFP) has
come as a surprise because the deal has been in the works for the past
few years and Malaysian bank CIMB has already been working on it.
“I’m not sure why they sent out an RFP. I’m not sure if CIMB
WORLD - BANKING - Shariah ‘megabank plan’ seeks to raise $1bn capital
www.gulf-times.com - The Islamic Development
Bank is seeking partners to bring investment in a Shariah-compliant
megabank to more than $1bn before the opening this year, allowing it to
finance larger construction projects.
The financial institution, to be established with Riyadh-based Dallah
Albaraka Group and the Qatari government, will issue securities that
Islamic lenders can buy to
Bank is seeking partners to bring investment in a Shariah-compliant
megabank to more than $1bn before the opening this year, allowing it to
finance larger construction projects.
The financial institution, to be established with Riyadh-based Dallah
Albaraka Group and the Qatari government, will issue securities that
Islamic lenders can buy to
INDONESIA - BANKING - SULSELBAR ISLAMIC BANK: profit pedal boot, launch pawn gold
www.bisnis.com - MAKASSAR: PT Bank Syariah Sulselbar Rahn product launch or Pawn Gold Blessing iB, to support improved profitability this year.Senior
Analyst Group Sharia Bank Sulselbar Ikbal Kamal said the company is
optimistic that the new product will contribute to the company's
revenue."We
can not disclose the amount because it is still early stage, and
[launch] into the second half of
Analyst Group Sharia Bank Sulselbar Ikbal Kamal said the company is
optimistic that the new product will contribute to the company's
revenue."We
can not disclose the amount because it is still early stage, and
[launch] into the second half of
INDONESIA - BANKING - ISLAMIC BANKING: Could be a solution slowdown
www.bisnis.com - JAKARTA:
Bank Indonesia confirms industir players need not worry excessively due
to slowdown in auto loans and property after the loan to value rules
apply, because there are alternative solutions such as loans by Islamic
banks."Islamic
banks could be a solution because they are not subject to the rules of
the loan to value," said Executive Director of the Department of
Bank Indonesia confirms industir players need not worry excessively due
to slowdown in auto loans and property after the loan to value rules
apply, because there are alternative solutions such as loans by Islamic
banks."Islamic
banks could be a solution because they are not subject to the rules of
the loan to value," said Executive Director of the Department of
INDONESIA - CAPITAL MARKETS - Indonesia Flows: USD/IDR supported; govt raises IDR 775bn in Mon's bond auction, sukuk
www.fxstreet.com - Uncertainty
over Greece continued to weigh on risk sentiments in Asian morning,
with spot USD/IDR retaining foothold above 9260 mark after being briefly
bid to 9266 highs. Expect more talks of BI attempting to keep onshore
banks from bidding the pair higher and consequently keeping on lid on
volumes. 9250-9280 is the broad range for the day, with drift higher to
run into
over Greece continued to weigh on risk sentiments in Asian morning,
with spot USD/IDR retaining foothold above 9260 mark after being briefly
bid to 9266 highs. Expect more talks of BI attempting to keep onshore
banks from bidding the pair higher and consequently keeping on lid on
volumes. 9250-9280 is the broad range for the day, with drift higher to
run into
Senin, 14 Mei 2012
BAHRAIN - SPEECHES - Indonesia - Bahrain: Exploring Smart Partnership on Islamic Banking and Finance
www.bma.gov.bh - Indonesia - Bahrain: Exploring Smart Partnership on Islamic Banking and Finance
Manama, Bahrain: 14th May 2012
Opening Address by: Mr. A. Rahman Al-Baker, Executive Director of Financial Institutions Supervision, Central Bank of Bahrain
Your Excellencies, distinguished guests, ladies and gentlemen - Good Morning.
I am honoured to be here today to speak to you at this
Manama, Bahrain: 14th May 2012
Opening Address by: Mr. A. Rahman Al-Baker, Executive Director of Financial Institutions Supervision, Central Bank of Bahrain
Your Excellencies, distinguished guests, ladies and gentlemen - Good Morning.
I am honoured to be here today to speak to you at this
Minggu, 13 Mei 2012
INDONESIA - BANKING - BRI Syariah : Dutifully paid the debt, the debtor would be an incentive
www.kontan.co.id - JAKARTA. In
order to boost business growth in micro, small and medium enterprises
(SMEs), BRI Syariah will give incentives to customers who comply with
the payment before the debt matures. Incentives in the form of a reduction in bank interest margins or the public.Magnitude
of the pieces is not more than one percent, but this is better because
BRI Syariah margin specified
order to boost business growth in micro, small and medium enterprises
(SMEs), BRI Syariah will give incentives to customers who comply with
the payment before the debt matures. Incentives in the form of a reduction in bank interest margins or the public.Magnitude
of the pieces is not more than one percent, but this is better because
BRI Syariah margin specified
INDONESIA - BANKING - This is the important role of Shariah scholars to Increase Economic
WWW.REPUBLIKA.CO.ID, JAKARTA - scholars have an important role to disseminate Islamic industry in Indonesia. Through socialization scholars hoped that the new industry for the rest of this corn can increase rapidly.Unfortunately, very few scholars who understand very well about Islamic industry. This resulted in difficult clerical and tell people the importance of industry-related. "The
role of
role of
AUSTRALIA - FINANCE - Australia's NSW revives Islamic finance push
www.reuters.com - May 13 (Reuters) -
The government of the Australian state of New South Wales, home to the
country's financial capital Sydney, will send a group to Dubai this week
to discuss ways to develop the Islamic finance industry, officials said.
The delegation, led by New South Wales premier Barry
O'Farrell and including financial services professionals, will
explore regulatory and
The government of the Australian state of New South Wales, home to the
country's financial capital Sydney, will send a group to Dubai this week
to discuss ways to develop the Islamic finance industry, officials said.
The delegation, led by New South Wales premier Barry
O'Farrell and including financial services professionals, will
explore regulatory and
Jumat, 11 Mei 2012
INDONESIA - BANKING - BNI SHARIA Makassar post the 34.65% growth in deposits
www.bisnis.com - MAKASSAR:
BNI Syariah Makassar record growth in third party funds (DPK) reached
34.65%, or to Rp303 billion in March 2012, compared to the same position
last year which only reached Rp198 billion.BNI Syariah Makassar Branch Anang Anshory Hery said the growth was supported by the Islamic superior products owned company."In
addition, the greatest support is also accessible in
BNI Syariah Makassar record growth in third party funds (DPK) reached
34.65%, or to Rp303 billion in March 2012, compared to the same position
last year which only reached Rp198 billion.BNI Syariah Makassar Branch Anang Anshory Hery said the growth was supported by the Islamic superior products owned company."In
addition, the greatest support is also accessible in
INDONESIA - HR - BNI Syariah Mizan Publisher coupled Degree Education Seminar
WWW.REPUBLIKA.CO.ID,
JAKARTA - PT Bank BNI Syariah implement the MoU and educational
seminars Mizan Publishers working with the theme "Human Being Champions
& Happy", at the SME Tower (Building Smesco), Jl. Kav.94 Gatot Subroto, South Jakarta, Wednesday (9/5). The
event was attended by Bambang Widjanarko-President Business BNI
Syariah, Rahardjo, EVP JAL Strong, and leaders of five Jakarta
Kamis, 10 Mei 2012
INDONESIA - BANKING - Sampoerna Sahabat assets grow by 35 %
www.investor.co.id - JAKARTA - Bank Assets Friends of Sampoerna in 2011 grew 35% to Rp1, 1 trillion from Rp798 billion a year earlier, and this year is targeted to grow to Rp1, 2 trillion. "Cantilever more credit to the sector of medium and small and micro business sectors such as trade and agriculture in a particular sector," said Director of Sampoerna Sahabat Agresius Kadiaman Bank at the press
INDONESIA - BANKING - Bank Friends of Sampoerna Prepare Form UUS Syariah Rp 100 Billion
www.investor.co.id - JAKARTA - Sampoerna Companions Bank plans to inject capital to build a business unit of sharia (UUS) in 2012. "We're in 2012 will be an injection of capital of about USD 100 billion in preparation for the establishment of Sharia," said Managing Director of Bank friend Michael W Supriadi Sampoerna after the news conference about the launch of the Friends of Sampoerna Bank in
WORLD - FINANCE - Islamic repo agreements struggle for traction
www.reuters.com - May 10 (Reuters) - Islamic repurchase agreements may
struggle to gain wide acceptance as a tool for financial
institutions because the industry lacks clear rules governing
their use, participants at a major industry conference told
Reuters.
Liquidity management products such as Islamic repos were one
of the main themes at the annual meeting of the Bahrain-based
Accounting and
struggle to gain wide acceptance as a tool for financial
institutions because the industry lacks clear rules governing
their use, participants at a major industry conference told
Reuters.
Liquidity management products such as Islamic repos were one
of the main themes at the annual meeting of the Bahrain-based
Accounting and
INDONESIA - BANKING - Dipo Bank officially change the name of Bank Sampoerna Sahabat
www.kontan.co.id - JAKARTA. A year after being acquired Sampoerna Group, Bank Dipo International Bank officially switched its name to Friends of Sampoerna. "The name change was done by February 2012 to increase the competitiveness of the national bank in the banking industry," said Managing Director of Bank Friends of Sampoerna Indra W Supriadi, Wednesday (9/5) at the press launch of the Bank
INDONESIA - BANKING - Bank Sampoerna Sahabat would open Syariah Unit
www.kontan.co.id - JAKARTA. Bank Friends of Sampoerna would expand its business in the micro sector by establishing a business unit of sharia (UUS) in the year. "In the bank's business plan this year, we target UUS can operate in July 2012. Hopefully not back down," said Managing Director of Bank Friends of Sampoerna Indra W Supriadi, Wednesday (9/5). (source)
Bank formerly known as Bank Dipo
Bank formerly known as Bank Dipo
INDONESIA - CAPITAL MARKETS - Government Sharia Bond Issue Rp1, 02 trillion
WWW.REPUBLIKA.CO.ID,
JAKARTA - The government to sell Islamic bonds or sukuk amounting to Rp
1.02 trillion in the country to cover part of the national budget
financing target in 2012. A
press release Directorate General of Debt Management, Ministry of
Finance received here on Wednesday (9/5), said the country's sukuk sales
conducted by auction on Tuesday (8/5).Auction
bids from five
JAKARTA - The government to sell Islamic bonds or sukuk amounting to Rp
1.02 trillion in the country to cover part of the national budget
financing target in 2012. A
press release Directorate General of Debt Management, Ministry of
Finance received here on Wednesday (9/5), said the country's sukuk sales
conducted by auction on Tuesday (8/5).Auction
bids from five
INDONESIA - CAPITAL MARKETS - Sukuk Auction Results
www.bi.go.id -Title : Assessment Supplement Auction Results (Green Shoe Option) Islamic Securities or Sukuk State-Country Series SPN S09112012 May 9, 2012 Source of Data : Management Department Monetary 9-05-2012 Date Hits 119 Contact : Monetary Operations Group (BOpM) - DPM, Phone No. 381-8347, 381-8350, 381-8351, 381-8377, and Fax No. 3818378. 301-0347, 301-0355, and 301-1552 Attachments :
INDONESIA - BANKING - Islamic banking transcends 4.5 % market share
www.bisnis.com - JAKARTA:
Edy Setiadi, Head of Banking Department of Bank Indonesia has two
entries that can penetrate the syariah banking industry market share
4.5% at the end of this year."This
could occur when each bank syariah and syariah business units can
increase the flat compared with the parent," he said to the Business, a
brief message late Wednesday, May 9, 2012.In addition, more
Edy Setiadi, Head of Banking Department of Bank Indonesia has two
entries that can penetrate the syariah banking industry market share
4.5% at the end of this year."This
could occur when each bank syariah and syariah business units can
increase the flat compared with the parent," he said to the Business, a
brief message late Wednesday, May 9, 2012.In addition, more
INDONESIA - CAPITAL MARKETS - BOND AUCTION: Request for Sukuk oversubscribed 3 times
www.bisnis.com - JAKARTA:
In the middle of the slowing down of the conventional bond market,
securities auctions alias sukuk Islamic countries today many investors
even though demand is not invaded by the previous auction.Based
on the announcement released by the Directorate General of Debt
Management, Ministry of Finance, this afternoon May 8, 2012, the number
of incoming requests for the
In the middle of the slowing down of the conventional bond market,
securities auctions alias sukuk Islamic countries today many investors
even though demand is not invaded by the previous auction.Based
on the announcement released by the Directorate General of Debt
Management, Ministry of Finance, this afternoon May 8, 2012, the number
of incoming requests for the
INDONESIA - CAPITAL MARKETS - GREEN SHOE OPTION earn Rp755 billion for the government funds
www.bisnis.com - JAKARTA: The government pocketed the funds amounting to Rp755 billion from the auction of additional (green shoe option / GSO) held today. Ministry of Finance Debt Management Director General Rahmat Waluyanto said GSO was held for the first time the state sukuk series SPN-S 09112012 6-month tenor. "The total bids reached Rp955 billion and Rp755 billion won with 3.83% yeld," he
INDONESIA - BANKING - Bahrain's Al Baraka posts 7% Q1 profit rise (plans for Indonesia)
www.arabianbusiness.com - Bahrain-based Islamic lender Al Baraka Banking Group posted a 7
percent increase in first-quarter net income, the bank said in a
statement on Wednesday.
The bank, which has operations in 15 countries including Turkey,
Syria and Egypt, made a profit of US$57.4m for the first-quarter,
compared with US$53.5m in the first three months of 2011.
The increase in profit
percent increase in first-quarter net income, the bank said in a
statement on Wednesday.
The bank, which has operations in 15 countries including Turkey,
Syria and Egypt, made a profit of US$57.4m for the first-quarter,
compared with US$53.5m in the first three months of 2011.
The increase in profit
INDONESIA - BANKING - Sampoerna family moves into banking (Islamic micro finance by July 2012)
www.thejakartapost.com - Open
for business: President director of Bank Sahabat Sampoerna Indra W.
Supriadi (from left), Michael Sampoerna, the owner of Sampoerna
Strategic Group and Bank Indonesia’s director Mulya Siregar during the
launch of Bank Sahabat Sampoerna in Jakarta on Wednesday evening.
JP/Wendra AjisyatamaWidely diversified business group
Sampoerna launched PT Bank Sahabat
for business: President director of Bank Sahabat Sampoerna Indra W.
Supriadi (from left), Michael Sampoerna, the owner of Sampoerna
Strategic Group and Bank Indonesia’s director Mulya Siregar during the
launch of Bank Sahabat Sampoerna in Jakarta on Wednesday evening.
JP/Wendra AjisyatamaWidely diversified business group
Sampoerna launched PT Bank Sahabat
Rabu, 09 Mei 2012
INDONESIA - CAPITAL MARKETS - Indonesia raises 755 bln rph from sharia T-bill auction
www.reuters.com - May 9 (Reuters) - Indonesia's finance
ministry sold 755 billion rupiah ($82.11 million) from an additional
sukuk auction on Wednesday, said the debt office which gave no target
for the auction.
The ministry sold the six-month sharia T-bill with a
weighted average yield at 3.82887 percent and a 1.26
bid-to-cover ratio. (source)
The ministry raised 1.015 trillion rupiah in a
ministry sold 755 billion rupiah ($82.11 million) from an additional
sukuk auction on Wednesday, said the debt office which gave no target
for the auction.
The ministry sold the six-month sharia T-bill with a
weighted average yield at 3.82887 percent and a 1.26
bid-to-cover ratio. (source)
The ministry raised 1.015 trillion rupiah in a
INDONESIA - BANKING - Bank Islam mulling acquisition of Indonesia's Bank Muamalat
www.thestar.com.my -KUALA LUMPUR (Reuters): Malaysia's Bank Islam, the country's second
largest sharia bank is still exploring plans for a potential acquisition
of a stake in PT Bank Muamalat in Indonesia, said its group managing director and CEO Johan Abdullah.
"We
are still collecting data and nothing is concrete yet. We like
Indonesia because the market is robust and the infrastructure is
largest sharia bank is still exploring plans for a potential acquisition
of a stake in PT Bank Muamalat in Indonesia, said its group managing director and CEO Johan Abdullah.
"We
are still collecting data and nothing is concrete yet. We like
Indonesia because the market is robust and the infrastructure is
INDONESIA - BANKING - Bank Islam remains interested in buying a stake in an Islamic bank in Indonesia
www.thestar.com.my - PETALING JAYA: Bank Islam Malaysia Bhd
is still keen on buying a stake in a Islamic financial institution in
Indonesia, but is awaiting further clarification on the country's
shareholding regulations for commercial banks.
BIMB Holdings Bhd group managing director and chief executive officer Johan Abdullah said no decision has been made on potential Indonesian acquisitions
is still keen on buying a stake in a Islamic financial institution in
Indonesia, but is awaiting further clarification on the country's
shareholding regulations for commercial banks.
BIMB Holdings Bhd group managing director and chief executive officer Johan Abdullah said no decision has been made on potential Indonesian acquisitions
INDONESIA - EVENTS - IDB: Islamic Finance Must Focus of Economic Development
www.investor.co.id - BANDUNG
- The strengthening of Islamic finance in sustainable economic
development should focus on efforts to promote inclusive economic
development and not on short-term trade financing.Thus
the assertion of President Islamic Development Bank (IDB) Ahmad
Mohammed Ali at the opening of the international Islamic finance seminar
in Bandung on Monday. Ali
said,
- The strengthening of Islamic finance in sustainable economic
development should focus on efforts to promote inclusive economic
development and not on short-term trade financing.Thus
the assertion of President Islamic Development Bank (IDB) Ahmad
Mohammed Ali at the opening of the international Islamic finance seminar
in Bandung on Monday. Ali
said,
INDONESIA - EVENTS - Islamic Finance in West Java Reaches 5%
www.investor.co.id - BANDUNG, West Java Governor Ahmad Heryawan said the Islamic financial system has been used about 5% in the economy in West Java.This amount is higher than the percentage of use of the concept of Islamic economics in the national economy reached 4.2%."Islamic
financial system has been used for more than five percent in West Java,
is higher than the national percentage for
financial system has been used for more than five percent in West Java,
is higher than the national percentage for
INDONESIA - BANKING - Gold Pawn Islamic banks fell 12%
www.kontan.co.id - BANDUNG. Settling gold pawn business have a significant impact to the Islamic bank. See,
during the first quarter of 2012, gold-backed financing qardh down 12%
compared to the position in December 2011 (year to date / ytd). Worth only Rp 11.4 trillion, from Rp 13 trillion previously.This
shrinkage was significant because in previous periods, or before the
application of new
during the first quarter of 2012, gold-backed financing qardh down 12%
compared to the position in December 2011 (year to date / ytd). Worth only Rp 11.4 trillion, from Rp 13 trillion previously.This
shrinkage was significant because in previous periods, or before the
application of new
Selasa, 08 Mei 2012
INDONESIA - BANKING - BNI Syariah gold mortgage financing shrinks 64%
www.kontan.co.id - BANDUNG. In the first quarter of this year, BNI Syariah gold lien financing shrank 64% to Rp 210 billion, compared to fourth quarter 2011 reached Rp 590 billion. Meanwhile, when compared with March last year which amounted to Rp 562 billion, the financing in the first quarter of this year also recorded fell by 62%. Business Director Bambang Widjanarko said BNI Syariah, the
INDONESIA - BANKING - Office channeling BRI Syariah will be 500 units
www.kontan.co.id - BANDUNG. BRI Syariah targeting to open 438 new office channeling along this year. The effort was intended to boost the contribution of micro finance business recorded was less than 15% of the total financing of companies whose reach Rp 11 trillion per first quarter of 2012. The reason, Eko B Suharno, Director of BRI Syariah express, micro financing business recorded a rapid
INDONESIA - TAKAFUL - Family Takaful Optimistic Premiums Reach $ 1 Trillion
WWW.REPUBLIKA.CO.ID, JAKARTA --- Islamic insurance company, Takaful Family optimitis premium could reach $ 1 trillion at the end of 2012. With these targets, Takaful Family Takaful want to be models in the country. According to Director of Family Takaful, Trihadi Deritanto, acknowledged that the target was set last year had raised doubts. However, he argues, should be the target of introspection
INDONESIA - BANKING - Islamic Banking Grows 40.2 Percen
WWW.REPUBLIKA.CO.ID,
BANDUNG - Bank Indonesia (BI) noted the Islamic banking industry in
Indonesia grew 40.2 percent in the last five years in the conventional
banking growth over the same period of 16.7 percent. BI
deputy governor Halim Alamsyah in his speech at the opening of the
International Seminar on Islamic Finance in London on Monday (7/5).With
such developments, the Islamic banking
BANDUNG - Bank Indonesia (BI) noted the Islamic banking industry in
Indonesia grew 40.2 percent in the last five years in the conventional
banking growth over the same period of 16.7 percent. BI
deputy governor Halim Alamsyah in his speech at the opening of the
International Seminar on Islamic Finance in London on Monday (7/5).With
such developments, the Islamic banking
INDONESIA - EVENTS - Islamic Banking Products and Services Need to Be Improved
www.investor.co.id - BANDUNG
- Islamic banking products and services need to be improved as
currently assessed insufficient to meet the interests of the customer
making it difficult to compete with conventional banking products and
services.Chairman
of the Indonesian Association of Islamic Banking (Asbisindo) Yuslam
Fauzi in Bandung, Tuesday, said the number of Islamic banking products in
- Islamic banking products and services need to be improved as
currently assessed insufficient to meet the interests of the customer
making it difficult to compete with conventional banking products and
services.Chairman
of the Indonesian Association of Islamic Banking (Asbisindo) Yuslam
Fauzi in Bandung, Tuesday, said the number of Islamic banking products in
INDONESIA - BANKING - ISLAMIC BRI service offices are targeting to achieve 500 units year-end
www.bisnis.com - BANDUNG: PT BRI Syariah Islamic targeting additional service outlets to reach 500 units by the end of 2012. Currently, the service units totaling 62 units sharia scattered branches holding company of PT Bank Rakyat Indonesia Tbk. Meanwhile, the number of branch offices reached 103. Director of BRI Syariah Eko B. Suharno said it increased the number of service units in order to
INDONESIA - EVENTS - WORLD BANK SURVEY: Islamic finance is not limited to Muslim customers
www.bisnis.com - BANDUNG:
As a phenomenon that also occurs in Europe, Sharia-compliant financial
services users in Indonesia is also not limited to the Muslim religion,
but also non-Muslims.The facts found by the World Bank during a survey of the Islamic financial sector in Indonesia. The
survey was conducted on 100-based Islamic financial institutions
include banks, rural banks, pawnshops
As a phenomenon that also occurs in Europe, Sharia-compliant financial
services users in Indonesia is also not limited to the Muslim religion,
but also non-Muslims.The facts found by the World Bank during a survey of the Islamic financial sector in Indonesia. The
survey was conducted on 100-based Islamic financial institutions
include banks, rural banks, pawnshops
INDONESIA - EVENTS - IDB President: The growth of Islamic finance in Indonesia remarkable
www.bisnis.com - BANDUNG:
The role of the Islamic financial sector in sustainable economic
development can be strengthened by promoting inclusive economic
development.Islamic
Development Bank President Ahmad Mohamed Ali said there has been a
trend-based Islamic financial sector to focus on short-term trade
financing.According
to Ahmad, inclusiveness and Islamic finance in the economy can
The role of the Islamic financial sector in sustainable economic
development can be strengthened by promoting inclusive economic
development.Islamic
Development Bank President Ahmad Mohamed Ali said there has been a
trend-based Islamic financial sector to focus on short-term trade
financing.According
to Ahmad, inclusiveness and Islamic finance in the economy can
INDONESIA - EVENTS - Ahmad Heryawan encourage Islamic banks supporting the agricultural sector
www.bisnis.com - BANDUNG: West Java Governor Ahmad Heryawan encourage banks with Islamic principles targeting the agricultural sector. This was revealed at the opening Heryawan Bank Indonesia The 2nd International Seminar on Islamic Finance at the Hilton Hotel, Bandung, today Monday, May 7, 2012. According to him, very little of both conventional and Islamic banking, lending to the agriculture
INDONESIA - EVENTS - Human Resources and Product Development still problem
www.bisnis.com - BANDUNG: The problem that often limit the movement of Islamic banking is the limited human resources and product variations.It
was submitted by the Executive Director of Bank Indonesia Sharia
Banking Eddy Setiadi during a press conference in Bank Indonesia The 2nd
International Seminar on Islamic Finance, today is Tuesday, May 8,
2012.Based
on his observations, sharia-based
was submitted by the Executive Director of Bank Indonesia Sharia
Banking Eddy Setiadi during a press conference in Bank Indonesia The 2nd
International Seminar on Islamic Finance, today is Tuesday, May 8,
2012.Based
on his observations, sharia-based
INDONESIA - BANKING - Total industry assets reached Rp152, 3 trillion by March 2012
www.bisnis.com - BANDUNG: Total assets of the banking industry with Islamic principles reached Rp152, 3 trillion as of March 2012. Deputy Governor of Bank Indonesia Halim Alamsyah submit data derived from 11 commercial banks based on sharia, sharia bank 24 business units, and 155 Islamic rural banks. Meanwhile, he continued, the Islamic financial sector assets in Indonesia amounted to Rp214
INDONESIA - EVENTS - Grow more rapidly
www.bisnis.com - BANDUNG: The growth of Islamic banking reached 40.2% compared to conventional banks that only about 16.7% in the last 5 years, and as of March total assets of Rp152, 3 trillion. Deputy Governor of Bank Indonesia Halim Alamsyah said today it believes Islamic banks can provide significant benefits in economic development, financial system stability and social welfare. "Total global
INDONESIA - CAPITAL MARKETS - Ketetapan Hasil Lelang Surat Berharga Syariah Negara Atau Sukuk Negara Seri SPN-S09112012 (New Issuance), SERI PBS001 (Reopening), PBS002 (Reopening), PBS003 (Reopening,) dan PBS004 (Reopening), 8 Mei 2012
www.bi.go.id - On this day, Tuesday, May 8, 2012, has conducted auctions State Sharia Securities (SBSN) or NES-series State Sukuk S09112012 (new issuance), PBS001 (reopening), PBS002 (reopening), PBS003 (reopening), and PBS004 (reopening ) through the auction of Bank Indonesia. In accordance with the authority granted by Law No. 19 Year 2008 on State Sharia Securities, then the auction results
INDONESIA - CAPITAL MARKETS - Indonesia sells 1.015 trln rph sukuk in auction, yields flat
www.reuters.com - JAKARTA, May 8 (Reuters) - Indonesia sold 1.015 trillion rupiah ($110.39
million) of sharia government bonds in an auction on Tuesday with six-month
sharia T-bills attracting the most incoming bids, according to the debt office.
Yields of 10-year and 15-year project-based sukuk were flat relative to
previous auctions.
Following are results of the auction. Bids are in
WORLD - OPINION - Where are the 'sisters in Islamic finance'?
www.btimes.com.my - The retirement of Tan Sri Zarinah Anwar as chairman of
the Securities Commission was a defining moment on the need to
establish a 'bench' strength for women in Islamic finance.
WHERE are the "sisters in Islamic finance", if it is about inclusion?
The retirement of Tan Sri Zarinah Anwar as chairman of the Securities
Commission (SC) was a defining moment on the
the Securities Commission was a defining moment on the need to
establish a 'bench' strength for women in Islamic finance.
WHERE are the "sisters in Islamic finance", if it is about inclusion?
The retirement of Tan Sri Zarinah Anwar as chairman of the Securities
Commission (SC) was a defining moment on the
Sabtu, 05 Mei 2012
INDONESIA - TAKAFUL - BIMB to potentially gain from Indonesian takaful market
www.theborneopost.com - KUCHING: BIMB Holdings Bhd (BIMB) could potentially see significant
takaful contributions in the Indonesian takaful market its stake hold in
PT Takaful Indonesia (PT Takaful).
However, pending the outcome
of potential regulations by Indonesia’s central bank, the current
contributions from the country’s takaful segment would not be
significant for the time being.
takaful contributions in the Indonesian takaful market its stake hold in
PT Takaful Indonesia (PT Takaful).
However, pending the outcome
of potential regulations by Indonesia’s central bank, the current
contributions from the country’s takaful segment would not be
significant for the time being.
INDONESIA - BANKING - Islamic banking : BI has not tightened the rules of the down payment home loans
www.bisnis.com - JAKARTA:
Bank Indonesia will not tighten rules to ensure minimum down payment of
housing finance in Islamic banking industry, because it has not seen
indications of speculative investment. Eddy
Setiadi, Director of Islamic Banking Bank Indonesia (BI), said the
central bank still monitor the performance of housing finance in the
industry before issuing a rule a minimum down
Bank Indonesia will not tighten rules to ensure minimum down payment of
housing finance in Islamic banking industry, because it has not seen
indications of speculative investment. Eddy
Setiadi, Director of Islamic Banking Bank Indonesia (BI), said the
central bank still monitor the performance of housing finance in the
industry before issuing a rule a minimum down
INDONESIA - TAKAFUL - Takaful M’sia upbeat on M&As
www.thestar.com.my - It plans to take advantage of Bank Negara’s RBC framework implementation
KUALA LUMPUR: Syarikat Takaful Malaysia Bhd
is looking to expand its business and increase market share via mergers
and acquisitions (M&As) from 2014 onwards after the risk-based
capital (RBC) framework for takaful operators is in place.
Group managing director Datuk Mohamed Hassan Md Kamil said
KUALA LUMPUR: Syarikat Takaful Malaysia Bhd
is looking to expand its business and increase market share via mergers
and acquisitions (M&As) from 2014 onwards after the risk-based
capital (RBC) framework for takaful operators is in place.
Group managing director Datuk Mohamed Hassan Md Kamil said
INDONESIA - BANKING - Lucky draw’ program helps Permata ad Permata Syariah
www.thejakartapost.com - PT Bank Permata (BNLI) has reported more than 30 percent increases in
its third-party funds each year for the last two years following the
launch of the bank’s family oriented lucky draw program. “The
lucky draw program has become one of our successful keys to getting more
customers and [we] derived a significant amount of third-party funds.
Looking at those
its third-party funds each year for the last two years following the
launch of the bank’s family oriented lucky draw program. “The
lucky draw program has become one of our successful keys to getting more
customers and [we] derived a significant amount of third-party funds.
Looking at those
Kamis, 03 Mei 2012
INDONESIA - CAPITAL MARKETS - Govt to issue ‘sukuk’ bonds next week
www.thejakartaglobe.com - The government is planning to auction zero-coupon bonds and state sukuk (Islamic bonds) next Tuesday.
The
bond series that will be auctioned is PBS001, PBS002, PBS003 and
PBS004. All of those series will be reopened during the auction.
The
government will also issue the SPN-S 09112912 series to fulfill the
state’s financing needs in the 2012 state budget. The
The
bond series that will be auctioned is PBS001, PBS002, PBS003 and
PBS004. All of those series will be reopened during the auction.
The
government will also issue the SPN-S 09112912 series to fulfill the
state’s financing needs in the 2012 state budget. The
INDONESIA - BANKING - Open NTB Bank Syariah Service Unit
www.investor.co.id - MATARAM - PT Bank NTB will open a service unit to meet the demand for sharia in Muslim-majority region. "The opening of new branches to be our priority, but the magnitude of the unit concept of sharia," said Director of PT Bank NTB H Subakir Komari, on the sidelines of the General Meeting of Shareholders (AGM) PT Bank NTB fiscal year 2011, in Mataram on Thursday. PT Bank NTB,
INDONESIA - BANKING - Permata Syariah Didaulat UUS with Biggest Asset
WWW.REPUBLIKA.CO.ID, JAKARTA - Bank Permata Syariah Business Unit didaulat become the largest business unit with assets in Indonesia. Until April 2012, chronicle the Shariah gems around Rp 7.1 trillion of assets. Shariah gems assets increased significantly since 2009, ie Rp 2.2 trillion. In 2010 its assets rose more than 100 percent to Rp 5.2 trillion and then close the book at Rp 7.1 trillion
INDONESIA - BANKING - BNI Syariah Gratitude Management Degree
WWW.REPUBLIKA.CO.ID,
JAKARTA - In commemoration of Milad-2 as the Syariah Commercial Bank,
PT Bank BNI Syariah held a Thanksgiving Management Office in Pacawati
BNI Syariah, Caringin, Bogor, on Wednesday (2/5).The
event was attended by the Leader of the Division of Finance and
Operations Services Unit as well as Chairman of BNI Syariah-Supardi
Zakat Najamuddin, Chief Human Resources
INDONESIA - INVESTMENT FUNDS - Real Estate Investment Trusts Target Indonesia Five Years After Rules
www.thejakartaglobe.com - Al-’Aqar Healthcare Real Estate Investment Trust, Malaysia’s oldest
Islamic REIT, is considering opening a trust in Indonesia as the nation
reviews its first application five years after legalizing such property
companies. Kuala Lumpur-based Al-’Aqar, which already owns two
hospitals in Indonesia, would look at registering a trust in the
Southeast Asian country
Islamic REIT, is considering opening a trust in Indonesia as the nation
reviews its first application five years after legalizing such property
companies. Kuala Lumpur-based Al-’Aqar, which already owns two
hospitals in Indonesia, would look at registering a trust in the
Southeast Asian country
Rabu, 02 Mei 2012
INDONESIA - BANKING - Bank of Indonesia’s plans will hurt CIMB, Maybank
biz.thestar.co.my - Analyst says Indonesia’s moves to impose new shareholding caps will have negative impact
PETALING JAYA: All eyes are now on Malaysia's two biggest banks, CIMB Group Bhd and Malayan Banking Bhd (Maybank), as speculation that Bank of Indonesia (BoI) plans to impose new caps on single-shareholder stakes in the country's commercial banks as early as this month has resurfaced.
PETALING JAYA: All eyes are now on Malaysia's two biggest banks, CIMB Group Bhd and Malayan Banking Bhd (Maybank), as speculation that Bank of Indonesia (BoI) plans to impose new caps on single-shareholder stakes in the country's commercial banks as early as this month has resurfaced.
INDONESIA - INVESTMENT FUND - Al-’Aqar mulls opening trust in Indonesia
www.btimes.com.my - Al-’Aqar Healthcare Real Estate Investment Trust, Malaysia’s oldest
Islamic REIT, is considering opening a trust in Indonesia as the nation
reviews its first application five years after legalizing such property
companies.
Kuala Lumpur-based Al-’Aqar, which already owns two hospitals in
Indonesia, would look at registering a trust in the Southeast Asian
country provided
Islamic REIT, is considering opening a trust in Indonesia as the nation
reviews its first application five years after legalizing such property
companies.
Kuala Lumpur-based Al-’Aqar, which already owns two hospitals in
Indonesia, would look at registering a trust in the Southeast Asian
country provided
INDONESIA - RATNGS - Mayora Indah Tbk.
new.pefindo.com - PEFINDO affirmed its “idAA-” ratings for PT Mayora Indah Tbk. (MYOR or the Company) and its Bond III/2008 and its “idAA-(sy)” rating for its Sukuk Mudharabah I/2008. PEFINDO also assigned “idAA-” and “idAA-(sy)”
ratings to the Company’s proposed Bond and Sukuk Mudharabah amounting
to a maximum of IDR750 billion IDR250 billion, respectively which will
be used for MYOR’s
ratings to the Company’s proposed Bond and Sukuk Mudharabah amounting
to a maximum of IDR750 billion IDR250 billion, respectively which will
be used for MYOR’s
BRUNEI - EVENTS - 3-day Islamic finance forum from May 15
www.bt.com.bn -AN INTERNATIONAL conference on Islamic finance that aims to further
the country's knowledge on the sector is set to be held this month.
In
a press conference yesterday at the Sultan Sharif Ali Islamic
University, Dr Fadzliwati Mohiddin, the dean of the Faculty of Business
and Management Science said that the International Conference on Islamic
Finance 2012 (ICiF 2012)
WORLD - REGULATIONS - AAOIFI plans reform of takaful standards
www.insuranceinsight.eu - Khaled Al Fakih, the new secretary-general of the Bahrain-based
Accounting and Auditing Organisation for Islamic Financial Institutions,
outlined plans for a sweeping review of its guidelines in an interview
with Reuters.
"We would like to see insightful debate ... that can help us develop
standards that can benefit the industry," Fakih told Reuters, ahead of
WORLD - REPORTS - A.T. Kearney analysis suggests it's time for Islamic banks to tackle slowing growth rates and eroding profitability
www.ameinfo.com - Traditionally, Islamic banks have
outperformed their conventional peers in most markets. However, a closer
look suggests the market dynamics are changing, demonstrating a new
trend. Two key indicators are cause for reflection: slowing growth rates
and eroding profitability, according to A.T. Kearney, a global
management consultancy.
Declining growth rates are
outperformed their conventional peers in most markets. However, a closer
look suggests the market dynamics are changing, demonstrating a new
trend. Two key indicators are cause for reflection: slowing growth rates
and eroding profitability, according to A.T. Kearney, a global
management consultancy.
Declining growth rates are
WORLD - REPORTS - A.T.Kearney : the future of Islamic banking
www.atkearney.com - The Future of Islamic Banking
Declining growth rates and eroding profitability suggest it is
time to better leverage the Islamic banking potential. In order to do
this, Islamic banks should revisit their strategic positioning and
improve their operational efficiency.
For years, many Islamic banks have witnessed double-digit growth
rates, surpassing their conventional
Selasa, 01 Mei 2012
MALAYSIA - HALAL - Business briefing : effective business entry into the Indonesia Halal Market
wwwhdcglobal.com - Date : 8 May 2012 (Tuesday) - Time : 1:30 pm – 6:00 pm - Venue : Matrade Exhibition Convention Centre, Level 3, East Wing, Menara MATRADE, Off Jalan Duta, Kuala Lumpur
HDC
is pleased to invite all export ready companies and SMEs to attend
“Business Briefing: Effective Entry into Indonesia Halal Market.” This
will be our second briefing under the same series, whereby the
HDC
is pleased to invite all export ready companies and SMEs to attend
“Business Briefing: Effective Entry into Indonesia Halal Market.” This
will be our second briefing under the same series, whereby the
INDONESIA - CAPITAL MARKETS - Muamalat: The shareholders are willing to absorb sukuk
www.bisnis.com - JAKARTA:
PT Bank Muamalat Indonesia Tbk plans to declare the shareholders
participate absorb emissions subordinated sukuk valued at Rp800 billion
in the first phase, which began to be offered in early June. Andi
Buchari, Director of Bank Muamalat, said the company's joint managing
underwriters (underwriter) has not mengangendakan road show for the
success of subordinated
PT Bank Muamalat Indonesia Tbk plans to declare the shareholders
participate absorb emissions subordinated sukuk valued at Rp800 billion
in the first phase, which began to be offered in early June. Andi
Buchari, Director of Bank Muamalat, said the company's joint managing
underwriters (underwriter) has not mengangendakan road show for the
success of subordinated
INDONESIA - BANKING - 2014 Prediction Muamalat Asset Rp60 Trillion
www.investor.co.id - JAKARTA
- Director of Compliance and Risk Management Muamalat Buchari Andi
said, with the asset growth of 51.8% in 2010-2011, it predicts the bank
assets will reach Rp60 trillion in 2014."Last
year we achieved post the assets of Rp32, 5 billion, meaning that 50%
of the achievements of the assets of about Rp15-16 trillion, with growth
of Rp15-16 trillion consistently
- Director of Compliance and Risk Management Muamalat Buchari Andi
said, with the asset growth of 51.8% in 2010-2011, it predicts the bank
assets will reach Rp60 trillion in 2014."Last
year we achieved post the assets of Rp32, 5 billion, meaning that 50%
of the achievements of the assets of about Rp15-16 trillion, with growth
of Rp15-16 trillion consistently
INDONESIA - BANKING - Bank Muamalat launches new logo
www.investor.co.id - JAKARTA-Muamalat
Bank launched its new logo in order to rejuvenate its image is being
transformed into a modern bank that grew rapidly and dynamically."The
launch of the new logo is also intended to build on the revitalization
of the community, and twenty years is not a short time for the Bank
Muamalat to improve themselves," said the CEO of Bank Muamalat Arviyan
Arifin
Bank launched its new logo in order to rejuvenate its image is being
transformed into a modern bank that grew rapidly and dynamically."The
launch of the new logo is also intended to build on the revitalization
of the community, and twenty years is not a short time for the Bank
Muamalat to improve themselves," said the CEO of Bank Muamalat Arviyan
Arifin
INDONESIA - CAPITAL MARKETS - Bank Muamalat ready for sukuk in June
WWW.REPUBLIKA.CO.ID, JAKARTA - Bank Muamalat ready to issue sukuk. Sukuk is estimated to have been effective in June.Main recruited Muamalat, Arviyan Arifin, said Muamalat to issue sukuk for a total of Rp 1.5 trillion.Sukuk will be issued in two phases, namely phase one of Rp 800 billion and stage two of Rp 700 billion. "This is one of the important agenda Muamalat this year," said Arviyan,
INDONESIA - FINANCE - PT Indonesia Infrastructure Assurance (PII) and the Islamic Corporation for Insurance of Investments and Export Credits (ICIEC) Handle Signs Memorandum of Understanding
www.iigf.co.id - Manila, 30 April 2012 - PT Indonesia Infrastructure Guarantee Corporation (Limited) / PII and the Islamic Corporation for Insurance of Investments and Export Credits ("ICIEC") has signed a Memorandum of Understanding today in Asia Finance and Risk Mitigation Forum 2012 in Makati City, Philippines.
ICIEC is part of the Islamic Development Bank (IDB) Group, which provides export
ICIEC is part of the Islamic Development Bank (IDB) Group, which provides export
INDONESIA - FINANCE - ICIEC and IIGF sign an MOU to support investors in Indonesia
www.cpifinancial.net - The Islamic Corporation for the Insurance of Investment and Export
Credit (ICIEC) and the Indonesia Infrastructure Guarantee Fund (IIGF)
signed a Memorandum of Understanding (MOU) during the 2012 Asia Finance
and Risk Mitigation Forum in Makati City, Philippines on 30 April 2012.
Dr. Abdel Rahman El-Tayeb Taha, the Chief Executive
Officer of ICIEC and Ms. Sinthya
Credit (ICIEC) and the Indonesia Infrastructure Guarantee Fund (IIGF)
signed a Memorandum of Understanding (MOU) during the 2012 Asia Finance
and Risk Mitigation Forum in Makati City, Philippines on 30 April 2012.
Dr. Abdel Rahman El-Tayeb Taha, the Chief Executive
Officer of ICIEC and Ms. Sinthya
INDONESIA - CAPITAL MARKETS - Indonesia Debt Drops Most in 8 Months on Fuel: Islamic Finance
www.thejakartaglobe.com - Indonesian two-year sukuk, or the Islamic equivalent of bonds fell last
month, pushing up yields by the most since September, as Standard &
Poor's, kept the nation’s credit rating at junk after the government
maintained fuel subsidies. Yields on sovereign 8.8 percent
Shariah-compliant dollar-denominated bonds due April 2014 climbed 39
basis points to 2.92 percent on
month, pushing up yields by the most since September, as Standard &
Poor's, kept the nation’s credit rating at junk after the government
maintained fuel subsidies. Yields on sovereign 8.8 percent
Shariah-compliant dollar-denominated bonds due April 2014 climbed 39
basis points to 2.92 percent on
INDONESIA BANKING - All BII divisions boost Maybank unit
www.thestar.com.my - JAKARTA: Malayan Banking Bhd’s (Maybank) Indonesian unit PT Bank Internasional Indonesia Tbk (BII)
recorded a 78% increase in its net profit to 267 billion rupiah
(RM87.95mil) for the first quarter ended March 31, due to strong loan
growth, better performance of the bank’s core businesses, and
improvement of the overall banking operations.
Maybank said in a
statement
recorded a 78% increase in its net profit to 267 billion rupiah
(RM87.95mil) for the first quarter ended March 31, due to strong loan
growth, better performance of the bank’s core businesses, and
improvement of the overall banking operations.
Maybank said in a
statement
INDONESIA - BANKING - Bank Muamalat allocates IDR50 million to change its logo
www.bisnis.com - JAKARTA: PT Bank Muamalat Indonesia Tbk allocated IDR50 billion to change company’s logo, which will be launched at the same time with its 20th anniversary.
Bank Muamalat Finance and Operations Director Dendiarto said
as much as IDR35 billion of the funds will be used to advertise the
product logo in order to socialize the new logo to public.
Moreover, the company allocated
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