Jumat, 29 Juni 2012
INDONESIA - BANKING - Permata Syariah develop virtual account together with Al-Ijarah
www.bisnis.com - JAKARTA: PT Bank Syariah Business Unit Permata Tbk PT working with Al-Ijarah Indonesia Finance in the development of virtual account. This cooperation aims to facilitate the repayment of motor vehicles, both two wheels and four wheels, for consumers Al Ijarah. "Virtual account customer support flexibility in the deal," said Head of the Sharia Bank Permata Ahmad K. Permana on the
INDONESIA - CAPITAL MARKETS - Government Issuing Sukuk Haji Rp2 trillion
www.investor.co.id - JAKARTA
- The government issued a sukuk fund amounting to Rp2 trillion
pilgrimage to meet the target of most of the 2012 state budget, through
the two series A and series SDHI 2015 2020 SDHI B.Written
statement of the Directorate General of Debt Management, Ministry of
Finance on Thursday, said the issuance of sukuk pilgrimage through the
Haj Fund placements managed by
- The government issued a sukuk fund amounting to Rp2 trillion
pilgrimage to meet the target of most of the 2012 state budget, through
the two series A and series SDHI 2015 2020 SDHI B.Written
statement of the Directorate General of Debt Management, Ministry of
Finance on Thursday, said the issuance of sukuk pilgrimage through the
Haj Fund placements managed by
INDONESIA - BANKING - Add Shariah Capital PermataBank Rp 325 Billion
www.investor.co.id - JAKARTA - Bank Syariah business unit of gems, PermataBank Shariah, the capital increase amounting to Rp 325 billion in June 2012 from the parent company.
"With the increase in financing activities, after the capital of Rp 445 billion and Rp 325 billion plus, and our capital about Rp 770 billion," said the Head of Syariah Business Unit gems K Achmad Permana in Jakarta,
"With the increase in financing activities, after the capital of Rp 445 billion and Rp 325 billion plus, and our capital about Rp 770 billion," said the Head of Syariah Business Unit gems K Achmad Permana in Jakarta,
INDONESIA - BANKING - BTPN ACQUISITION: For merged with Islamic unit
www.bisnis.com - JAKARTA: PT National Savings Bank Ltd. are considering acquiring a small bank which will be merged with Islamic business units. Director of National Savings Bank (BTPN) Jerry Ng said the company is not ready to realize the plan this year, because the possibility of acquisition will be conducted in the coming year. "Sharia yes, we want sharia developed. Apparently not this year.
INDONESIA - BANKING - Islamic banking assets in the KBI Jember reach up 57%
www.bisnis.com - SURABAYA:
The growth of Islamic banking assets operating in the former District
of Besuki in the second quarter of 2012 slowed down.As of May 2012 recorded an increase of assets was only 57.1%. While the same period last year growth was 70% compared to the previous year.Data released today says KBI Jember spots of Islamic banking assets is recorded Rp903 billion in May 2012. "
The growth of Islamic banking assets operating in the former District
of Besuki in the second quarter of 2012 slowed down.As of May 2012 recorded an increase of assets was only 57.1%. While the same period last year growth was 70% compared to the previous year.Data released today says KBI Jember spots of Islamic banking assets is recorded Rp903 billion in May 2012. "
INDONESIA - BANKING - ISLAMIC BANK BUKOPIN upsizes amount Islamic bond
www.bisnis.com - JAKARTA: PT Bank Syariah Bukopin add to holdings of securities to absorb Islamic sukuk issued by PT Bank Muamalat Indonesia Tbk and PT Indosat Tbk. Riyanto, Managing Director of Bank Syariah Bukopin (BSB), said the company is actually targeting the placement of funds of up to Rp100 billion in the two emissions. However, it turns out the company only managed to put half of the
INDONESIA - BANKING - This is the role of Sharia Develop Creative Industries
WWW.REPUBLIKA.CO.ID, JAKARTA - Creative industries in Indonesia began to squirm. An important role should be increased to develop the banking industry.Compared
to the other, the creative industries does not make a major
contribution such as agriculture, which is still less than 10 percent. But a growing number of potentially interested persons will contribute greater.The role of banks, Islamic
to the other, the creative industries does not make a major
contribution such as agriculture, which is still less than 10 percent. But a growing number of potentially interested persons will contribute greater.The role of banks, Islamic
INDONESIA - BANKING - BMT did not Afraid to Compete with Bank Syariah
WWW.REPUBLIKA.CO.ID,
JAKARTA - Baitul Maal Wat Tamwil (BMT) is not afraid to compete with
Islamic banks in providing micro-loans in the sector. Because Islamic banks have a different level with BMT in lending."Level
microstructure is different," said Chairman of BMT Association of
Indonesia (Absindo), Aries Muftie, told Reuters, after a speaker in the
Development Dialogue Islamic Economic
JAKARTA - Baitul Maal Wat Tamwil (BMT) is not afraid to compete with
Islamic banks in providing micro-loans in the sector. Because Islamic banks have a different level with BMT in lending."Level
microstructure is different," said Chairman of BMT Association of
Indonesia (Absindo), Aries Muftie, told Reuters, after a speaker in the
Development Dialogue Islamic Economic
INDONESIA - BANKING - Gold Mortgage CIMB Niaga Syariah Still Promising
WWW.REPUBLIKA.CO.ID, JAKARTA - PT Bank CIMB Niaga Tbk through units of CIMB Niaga Syariah Court, continued to expand its mortgage business in gold. The existence of an urgent need for cash, plus the nature of the liquid gold, make gold mortgage market is still wide open. This consideration is that the policy of CIMB Niaga Syariah for mortgage business continues to expand this gold. Head of CIMB
WORLD - CAPITAL MARKETS - 15% sukuk growth seen
www.thestar.com.my - KUALA LUMPUR: The Islamic finance industry will grow 15% annually in
the next decade, after syariah- compliant banking assets surged in Asia
in the past year, according to a global standards-setting body.
Holdings
in Malaysia rose 27% to RM344bil in the 12 months to April 30,
according to the central bank. In Indonesia, they climbed 43% to 144.3
trillion rupiah (US
the next decade, after syariah- compliant banking assets surged in Asia
in the past year, according to a global standards-setting body.
Holdings
in Malaysia rose 27% to RM344bil in the 12 months to April 30,
according to the central bank. In Indonesia, they climbed 43% to 144.3
trillion rupiah (US
INDONESIA - TAKAFUL - A.M. Best Special Report: Economy Boosts Indonesia's Insurers; Capital, Regulatory Challenges Loom
www.marketwatch.com - HONG KONG, Jun 28, 2012 (BUSINESS WIRE) --
Indonesia's solid economy is fueling growth for a developing non-life
insurance market, well supported by domestic consumption and investment
offsetting a weaker international environment, according to a new report
from A.M. Best Co.
INDONESIA - BANKING - Bank Victoria Mulls 20% Stake Sale to Foreign Investor
www.theindonesiatoday.com - JAKARTA, Indonesia Today - PT Bank Victoria International Tbk (BVIC) plans to sell 15-20% stake to foreign investors for increasing capital, Investor Daily reported this morning.
Andrew A Haswin, alternate president director of Bank Victoria, said
some foreign investors including from Europe are interested to buy Bank
Victoria's shares. "Growing by organically is
Andrew A Haswin, alternate president director of Bank Victoria, said
some foreign investors including from Europe are interested to buy Bank
Victoria's shares. "Growing by organically is
INDONESIA - CAPITAL MARKETS - Indonesia Yield Spread Over Malaysia Shrinks: Islamic Finance
www.thejakartaglobe.com - The yield premium for Indonesia’s dollar-denominated Islamic bonds over
Malaysia’s dropped by the most in a year this month as falling oil
prices eased the burden on the budget and made room for economic
stimulus. The spread between Indonesia’s 8.8 percent Islamic
debt due April 2014 and Malaysia’s 3.928 percent note due June 2015
narrowed 33 basis points in
Malaysia’s dropped by the most in a year this month as falling oil
prices eased the burden on the budget and made room for economic
stimulus. The spread between Indonesia’s 8.8 percent Islamic
debt due April 2014 and Malaysia’s 3.928 percent note due June 2015
narrowed 33 basis points in
AUSTRALIA - FUNDS - Crescent Wealth to launch Australia's 1st Islamic pension fund
www.reuters.com - (Reuters) - Australian fund manager Crescent
Wealth plans to launch the country's first Islamic pension fund
by December and allocate between 15 to 30 percent of it in
property, its managing director said.
Talal Yassine said Crescent Wealth hopes to build the fund
to between A$4 billion ($4.03 billion) and A$6 billion in five
years.
Crescent Wealth, which was established last
Wealth plans to launch the country's first Islamic pension fund
by December and allocate between 15 to 30 percent of it in
property, its managing director said.
Talal Yassine said Crescent Wealth hopes to build the fund
to between A$4 billion ($4.03 billion) and A$6 billion in five
years.
Crescent Wealth, which was established last
KOREA - FINANCE - Islamic Development Bank signs $2bn deal with Korea Development Bank
www.cpifinancial.net - The Islamic Development Bank ( IDB ) has signed a Framework Co-financing Agreement (FCA) with Korea Development Bank (KDB) in which each bank will earmark $1 billion to co-finance public private partnership (PPP) projects in IDB member countries over the next three years.
The common pipeline of projects for co-financing
would be based on the two institutions' shared
The common pipeline of projects for co-financing
would be based on the two institutions' shared
Rabu, 27 Juni 2012
THAILAND - BANKING - Islamic Bank seeks another soft loan for flood victims.
www.nationmultimedia.com - Islamic Bank of Thailand has asked the central bank to provide it
with an additional Bt800 million in soft loans for re-lending to flood
victims, president Thirasak Suwanayos said yesterday.
The bank also plans to lend more to support those wanting to do business in Asean.
Flood
victims have already applied for loans worth Bt800 million, which is
the amount
with an additional Bt800 million in soft loans for re-lending to flood
victims, president Thirasak Suwanayos said yesterday.
The bank also plans to lend more to support those wanting to do business in Asean.
Flood
victims have already applied for loans worth Bt800 million, which is
the amount
THAILAND - BANKING - IBank Thailand sets sights on halal export loans
www.bangkokpost.com -The Islamic Bank of Thailand (IBank) plans to
increase its focus on halal food exports, with a target of 3 billion
baht in loans for the industry this year, says bank president Dheerasak
Suwannayos.
The target is a 50% increase from last year, he said. IBank expects
to extend 20 billion baht in credit to all sectors this year.
Mr Dheerasak said of Asean's 601 million
increase its focus on halal food exports, with a target of 3 billion
baht in loans for the industry this year, says bank president Dheerasak
Suwannayos.
The target is a 50% increase from last year, he said. IBank expects
to extend 20 billion baht in credit to all sectors this year.
Mr Dheerasak said of Asean's 601 million
INDONESIA - CAPITAL MARKETS - Bank Muamalat Gets Ball Rolling On Fund-Raising With Bond Sale
www.thejakartaglobe.com - Bank Muamalat, an Islamic lender in Indonesia, is planning to raise Rp
800 billion ($85 million) from the sale of subordinated Islamic debt
this week. The bank, which is partly controlled by the Islamic
Development Bank, is offering the 10-year Islamic notes to investors
today and plans to list the debt on the Indonesia Stock Exchange next
Monday. The offering will
800 billion ($85 million) from the sale of subordinated Islamic debt
this week. The bank, which is partly controlled by the Islamic
Development Bank, is offering the 10-year Islamic notes to investors
today and plans to list the debt on the Indonesia Stock Exchange next
Monday. The offering will
INDONESIA - CAPITAL MARKETS - Auction results sukuk June 26
www.bi.go.id - On this day, Tuesday, June 26, 2012, has conducted auctions State Sharia Securities (SBSN) or Sukuk series PBS001 State (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 are as follows: (source)
INDONESIA - REGULATIONS - BI tightened sanctions fit & proper test Islamic banking
www.kontan.co.id - JAKARTA. Bank
Indonesia (BI) issued new rules to tighten sanctions and consequences
for those who did not pass the fit and proper test (Fit & Proper
Test) Islamic Banking and Sharia.Beleid
14/6/PBI/2012 a numbered regulation is mentioned, the period of
sanctions was not associated with the actions that assessed the impact
of the loss or potential loss of Islamic banks,
Indonesia (BI) issued new rules to tighten sanctions and consequences
for those who did not pass the fit and proper test (Fit & Proper
Test) Islamic Banking and Sharia.Beleid
14/6/PBI/2012 a numbered regulation is mentioned, the period of
sanctions was not associated with the actions that assessed the impact
of the loss or potential loss of Islamic banks,
INDONESIA - RATINGS - Fitch confirms ratings of Bank Muamalat A
www.kontan.co.id - JAKARTA. Fitch
Ratings affirmed the National Long-Term ratings of PT Bank Muamalat
Indonesia Tbk at level A with a stable outlook and ratings at BBB
Muamalat subordinated bonds.The
ranking reflects Fitch's view of the limited opportunities of
government support, providing Muamalat symbolic role in the development
of Islamic banking in Indonesia. It also highlights assets
Ratings affirmed the National Long-Term ratings of PT Bank Muamalat
Indonesia Tbk at level A with a stable outlook and ratings at BBB
Muamalat subordinated bonds.The
ranking reflects Fitch's view of the limited opportunities of
government support, providing Muamalat symbolic role in the development
of Islamic banking in Indonesia. It also highlights assets
INDONESIA - RATNGS - Fitch rates Bank Mualat A (idn)
www.investor.co.id - JAKARTA
- Rating agency Fitch Ratings assign ratings (rating) Long-term
Indonesia Tbk, PT Bank Muamalat at level A (idn) with a stable outlook,
as well as subordinate debt rating at BBB level (idn).Fitch
assessed, the possibility is supported by the State Bank Muamalat is
very small, because the bank already has a symbolic role in the
development of Islamic banking in
- Rating agency Fitch Ratings assign ratings (rating) Long-term
Indonesia Tbk, PT Bank Muamalat at level A (idn) with a stable outlook,
as well as subordinate debt rating at BBB level (idn).Fitch
assessed, the possibility is supported by the State Bank Muamalat is
very small, because the bank already has a symbolic role in the
development of Islamic banking in
INDONESIA - BANKING - Product development biggest challenge
www.bisnis.com - MAKASSAR-limited
products of Islamic banks today become one of the challenges in efforts
to develop Islamic banking industry in capturing the opportunities that
exist. Chairman
of the Association of Islamic Economist (IAEI) Bambang PS Brodjonegoro
said the lack of Islamic banking products is one of three factors
challenge the growth of Islamic finance is not significant.
products of Islamic banks today become one of the challenges in efforts
to develop Islamic banking industry in capturing the opportunities that
exist. Chairman
of the Association of Islamic Economist (IAEI) Bambang PS Brodjonegoro
said the lack of Islamic banking products is one of three factors
challenge the growth of Islamic finance is not significant.
INDONESIA - CAPITAL MARKETS - Sovereing Sukuk demand fell 29,6 %
www.bisnis.com - JAKARTA:
investor demand for securities in Islamic countries (SBSN) or a state
known as sukuk was listed on the auction day only Rp1, 59 trillion, down
29.6% from the previous auction of Rp2, 26 trillion.Data
Directorate General of Debt Management, Ministry of Finance says
investors sukuk many countries pursue the tenor of 6 years to reach
Rp916 billion PBS001.Furthermore,
investor demand for securities in Islamic countries (SBSN) or a state
known as sukuk was listed on the auction day only Rp1, 59 trillion, down
29.6% from the previous auction of Rp2, 26 trillion.Data
Directorate General of Debt Management, Ministry of Finance says
investors sukuk many countries pursue the tenor of 6 years to reach
Rp916 billion PBS001.Furthermore,
Selasa, 26 Juni 2012
INDONESIA - REGULATIONS - DBS Indonesia Deal May Dodge New Bank Ownership Rules
www.thejakartaglobe.com - The gloom surrounding DBS Group’s $7.2 billion bid for Indonesia’s Bank
Danamon is giving way to renewed optimism, with signals from the central
bank in Jakarta on Tuesday suggesting the Singapore lender’s takeover
may just scrape through.Southeast Asia’s biggest banking
takeover bid was thrown into limbo in April, when Bank Indonesia (BI)
announced it would not
Danamon is giving way to renewed optimism, with signals from the central
bank in Jakarta on Tuesday suggesting the Singapore lender’s takeover
may just scrape through.Southeast Asia’s biggest banking
takeover bid was thrown into limbo in April, when Bank Indonesia (BI)
announced it would not
Senin, 25 Juni 2012
INDONESIA - REGULATIONS - Bank Indonesia Spells Out Three Requirements for Bank Ownership
www.thejakartaglobe.com -Bank Indonesia has spelled out three main requirements
for investors to be able to own more than 40 percent and up to 90
percent of stakes in banks.
Bank Indonesia deputy governor Halim
Alamsyah said in the Bank Indonesia Regulation on Banking Ownership
Structures, BI differentiated three categories — ownership of up to 40
percent, up to 30 percent and up to 20
for investors to be able to own more than 40 percent and up to 90
percent of stakes in banks.
Bank Indonesia deputy governor Halim
Alamsyah said in the Bank Indonesia Regulation on Banking Ownership
Structures, BI differentiated three categories — ownership of up to 40
percent, up to 30 percent and up to 20
INDONESIA - CAPITAL MARKETS - Bank Muamalat Upsizes Sukuk Subdebt to Rp800 Billion
www.theindonesiatoday.com - JAKARTA, Indonesia Today
- Indonesia's largest shariah PT Bank Muamalat Tbk upsizes the issuance
of its syariah (sukuk) subordinated mudharabah to Rp500 billion from
initial plan Rp500 billion, first phase of Rp1.5 trillion syariah
subdebt program.
The syariah subdebt will have tenor of 10 years. The Indonesian rating agency Pefindo has rated idA (sy) for the
- Indonesia's largest shariah PT Bank Muamalat Tbk upsizes the issuance
of its syariah (sukuk) subordinated mudharabah to Rp500 billion from
initial plan Rp500 billion, first phase of Rp1.5 trillion syariah
subdebt program.
The syariah subdebt will have tenor of 10 years. The Indonesian rating agency Pefindo has rated idA (sy) for the
MALAYSIA - CAPITAL MARKETS - Bursa Malaysia losing its glitter
www.thesundaily.com - PETALING JAYA (June 25, 2012): Once considered the
third-largest market in Asia after Tokyo and Hong Kong during the 1990s,
Bursa Malaysia now needs to do more or risk falling further behind its
competitors, analysts warned.
They said it's not enough to pay lip service to the goal of
developing Bursa Malaysia into an attractive and competitive exchange in
the region,
third-largest market in Asia after Tokyo and Hong Kong during the 1990s,
Bursa Malaysia now needs to do more or risk falling further behind its
competitors, analysts warned.
They said it's not enough to pay lip service to the goal of
developing Bursa Malaysia into an attractive and competitive exchange in
the region,
INDONESIA - EVENTS - Government Seriously Develops Indonesian Islamic Financial Industry
www.depkeu.go.id - Jakarta, 20/6/2012 MoF(Fiscal) News - Opening the International Conference on
Islamic Capital Market in Jakarta on Tuesday, Vice Minister of Finance I Anny Ratnawati conveyed that the government of Indonesia commits
to develop Sharia financial industry as a part of
national economic development. This commitment is reflected in the development
of Islamic investment products (
Islamic Capital Market in Jakarta on Tuesday, Vice Minister of Finance I Anny Ratnawati conveyed that the government of Indonesia commits
to develop Sharia financial industry as a part of
national economic development. This commitment is reflected in the development
of Islamic investment products (
INDONESIA - CAPITAL MARKETS - Indonesia eyes the role as Asian sukuk hub
WWW.REPUBLIKA.CO.ID, JAKARTA - Government is expected to develop
Indonesian sukuk market and boost Indonesian role as a hub for Asian
sukuk. The project sukuk for infrastructure financing is planned to be
issued on the second semester.
The Director General of Debts Management in the Ministry of Finance,
Rahmat Waluyanto, mentioned that issuing local currency sukuk is among
government’s
Indonesian sukuk market and boost Indonesian role as a hub for Asian
sukuk. The project sukuk for infrastructure financing is planned to be
issued on the second semester.
The Director General of Debts Management in the Ministry of Finance,
Rahmat Waluyanto, mentioned that issuing local currency sukuk is among
government’s
Minggu, 24 Juni 2012
INDONESIA - BANKING - CIMB Niaga launches Islamic money market transactions
www.kontan.co.id - JAKARTA. PT Bank CIMB Niaga through sharia business unit, CIMB Niaga Syariah ready to launch the Islamic money market transactions (SATISFIED), the Certificate of Commodity Trading Interbank Based on Sharia Principles (Sika). Readiness is supported by the terms of Bank Indonesia to CIMB Niaga 14/137/DPM numbers on June 14, 2012 which affirmed the instrument permits the use of
INDONESIA - BANKING - BNI Syariah Hasanah Card Exceeds Target
WWW.REPUBLIKA.CO.ID, JAKARTA - Card Issuance Hasanah Bank Negara Indonesia (BNI) Syariah over the target. Until the first half, BNI Syariah have issued 92 thousand cards with outstanding Hasanah Rp 194 billion."Exceeding
the target company is only 90 thousand cardholders," said Director of
Business BNI Syariah, Imam Teguh Saptono, Milad between the two BNI
Syariah in the East Plaza Senayan on
the target company is only 90 thousand cardholders," said Director of
Business BNI Syariah, Imam Teguh Saptono, Milad between the two BNI
Syariah in the East Plaza Senayan on
INDONESIA - BANKING - BNI Syariah targets 140 new branches in 2012
www.investor.co.id - JAKARTA
- PT BNI Syariah target has more than 140 offices service until the end
of 2012 to realize the commitment of Islamic banks is close to the
customer."We
do extensification and intensification in the opening service office,"
said Director of BNI Syariah, Dinno Indiano Milad between the two banks
were in the East Plaza Senayan Jakarta on Sunday.At
the end of 2012,
- PT BNI Syariah target has more than 140 offices service until the end
of 2012 to realize the commitment of Islamic banks is close to the
customer."We
do extensification and intensification in the opening service office,"
said Director of BNI Syariah, Dinno Indiano Milad between the two banks
were in the East Plaza Senayan Jakarta on Sunday.At
the end of 2012,
INDONESIA - BANKING - BI tightens sanctions on Islamic banks for violations fit and proper test
www.bisnis.com - JAKARTA:
Bank Indonesia to tighten sanctions on the Islamic banks and Islamic
business units related offenses committed in the implementation of a fit
and proper test for prospective directors, commissioners, and the
controlling shareholder.It
is stipulated in Bank Indonesia 14/6/PBI/2012 number of fit and proper
test and Islamic Banking Sharia is valid from June 18
Bank Indonesia to tighten sanctions on the Islamic banks and Islamic
business units related offenses committed in the implementation of a fit
and proper test for prospective directors, commissioners, and the
controlling shareholder.It
is stipulated in Bank Indonesia 14/6/PBI/2012 number of fit and proper
test and Islamic Banking Sharia is valid from June 18
MALAYSIA - BANKING - CIMB takes aim at Goldman, JPMorgan
www.btimes.com.my - CIMB Group Holdings Bhd, Southeast Asia’s top-ranked investment bank
over the past three years, is taking aim at a bigger market following
its acquisition of some of Royal Bank of Scotland Group Plc’s operations
in Asia.
The Malaysian company can now compete with rivals including Goldman
Sachs Group Inc and JPMorgan Chase & Co for Asia- Pacific deals,
Chief Executive
over the past three years, is taking aim at a bigger market following
its acquisition of some of Royal Bank of Scotland Group Plc’s operations
in Asia.
The Malaysian company can now compete with rivals including Goldman
Sachs Group Inc and JPMorgan Chase & Co for Asia- Pacific deals,
Chief Executive
MALAYSIA - BANKING - Malaysia May Liberalize Banking Sector
www.thejakartaglobe.com - Malaysia, the third-biggest economy in Southeast Asia, is considering
opening up its banking system to foreign investors, a move seen by
analysts as part of the country’s efforts to expedite integration into
the so-called Asean Community in 2015. Zeti Akhtar Aziz,
governor of Bank Negara Malaysia, that nation’s central bank, said the
country was preparing new
opening up its banking system to foreign investors, a move seen by
analysts as part of the country’s efforts to expedite integration into
the so-called Asean Community in 2015. Zeti Akhtar Aziz,
governor of Bank Negara Malaysia, that nation’s central bank, said the
country was preparing new
MALAYSIA - BANKING - Maybank IB downgrades BIMB to 'sell'
www.btimes.com.my -Maybank IB Research has downgraded BIMB Holdings Bhd to "sell" from
"buy"’ as it sees the recent run-up in the Islamic financial
institution’s share price as excessive.
“Much as we continue to view Bank Islam’s and Syarikat Takaful
Malaysia Bhd’s (BIMB’s units) prospects positively, the recent run-up in
BIMB’s share price is cause to pause and take stock,” the research
"buy"’ as it sees the recent run-up in the Islamic financial
institution’s share price as excessive.
“Much as we continue to view Bank Islam’s and Syarikat Takaful
Malaysia Bhd’s (BIMB’s units) prospects positively, the recent run-up in
BIMB’s share price is cause to pause and take stock,” the research
Sabtu, 23 Juni 2012
INDONESIA - EVENTS - Intl Conference Islamic Capital Markets Jakarta
PRESS RELEASE
INTERNATIONAL CONFERENCE ON ISLAMIC CAPITAL MARKET IN 2012
"Toward Resilient, Robust, and Competitive Islamic Capital Markets"
Jakarta, 19-20 June 2012
I. International Conference on Islamic Capital MarketA. International
Conference on Islamic Capital Market in 2012 was held in cooperation
between the Capital Market Supervisory Agency and Financial Institution
Supervisory Agency
INTERNATIONAL CONFERENCE ON ISLAMIC CAPITAL MARKET IN 2012
"Toward Resilient, Robust, and Competitive Islamic Capital Markets"
Jakarta, 19-20 June 2012
I. International Conference on Islamic Capital MarketA. International
Conference on Islamic Capital Market in 2012 was held in cooperation
between the Capital Market Supervisory Agency and Financial Institution
Supervisory Agency
INDONESIA - CAPITAL MARKETS - Trisula International added to DES
2012 June Bapepam Trisula
Source: http://www.bapepam.go.id/pasar_modal/publikasi_pm/siaran_pers_pm/2012/efek_syariah/Kep-338-2012.pdf- June 20, 2012
Source: http://www.bapepam.go.id/pasar_modal/publikasi_pm/siaran_pers_pm/2012/efek_syariah/Kep-338-2012.pdf- June 20, 2012
INDONESIA - CAPITAL MARKETS - Indosat raises bonds and sukuk issuance to Rp 3 trillion
2012 June Indosat
Source: http://www.indosat.com/template/media/editor/files/Release%20%28Isat%20Menerbitkan%20Obl%20&%20Sukuk%20Baru%2020%20Jun%20-%20IND%29.pdf - June 20, 2012
Source: http://www.indosat.com/template/media/editor/files/Release%20%28Isat%20Menerbitkan%20Obl%20&%20Sukuk%20Baru%2020%20Jun%20-%20IND%29.pdf - June 20, 2012
INDONESIA - CAPITAL MARKETS - Government to Issue Sukuk Project Rp 1.5 Trillion in 2013
www.ibpa.co.id - JAKARTA
(IFT) - The government plans to issue sukuk project (project financing
sukuk) Rp 1.5 trillion in 2013 to finance an infrastructure project. Dedy
Supriyadi Priyatna, Deputy of Infrastructure Ministry of National
Development Planning, said the proceeds from the issuance of sukuk to
finance the construction of double track railway project Cirebon along
the 158
(IFT) - The government plans to issue sukuk project (project financing
sukuk) Rp 1.5 trillion in 2013 to finance an infrastructure project. Dedy
Supriyadi Priyatna, Deputy of Infrastructure Ministry of National
Development Planning, said the proceeds from the issuance of sukuk to
finance the construction of double track railway project Cirebon along
the 158
INDONESIA - CAPITAL MARKETS - Indosat raises value bonds to Rp 3 trillion
www.ibpa.co.id - JAKARTA
(IFT) - PT Indosat Tbk (ISAT), the issuer's telecommunications, decided
to increase the nominal value of bonds and sukuk ijara of Rp 2.5
trillion to Rp 3 trillion. The addition was made, after the book building process of his year, the company accepts reservations up to Rp 3.7 trillion.Indosat
in the site on Wednesday, ordering Rp 3.7 trillion mentioned this is
the
(IFT) - PT Indosat Tbk (ISAT), the issuer's telecommunications, decided
to increase the nominal value of bonds and sukuk ijara of Rp 2.5
trillion to Rp 3 trillion. The addition was made, after the book building process of his year, the company accepts reservations up to Rp 3.7 trillion.Indosat
in the site on Wednesday, ordering Rp 3.7 trillion mentioned this is
the
WORLD - REPORTS - Deloit : Empowering Risk Intelligence in Islamic Finance Managing risk in uncertain times
www.bi-me.com - SAUDI ARABIA. A Deloitte Middle East Islamic Finance Knowledge Center
(IFKC) report, entitled ‘Empowering Risk Intelligence in Islamic
Finance’, addresses and investigates the important issues in practice
and regulation in Islamic Finance in the current market challenges.
The report also assesses the impact of Islamic Financial Institutions
in different countries,
(IFKC) report, entitled ‘Empowering Risk Intelligence in Islamic
Finance’, addresses and investigates the important issues in practice
and regulation in Islamic Finance in the current market challenges.
The report also assesses the impact of Islamic Financial Institutions
in different countries,
INDONESIA - CAPITAL MARKETS - Indosat issues Rp 3 trillion bonds and Rp 300 billion Sukuk Ijara
www.bisnis.com - JAKARTA
- PT Indosat Tbk, the issuer of telecommunications service providers,
increase the value of total debt from Rp2, 5 trillion to Rp3 trillion,
following a number of bond orders in the process of book building some
time ago.As announced on its website, ordering bonds surpassed Rp3, 7 trillion. This amount is claimed to be the biggest book publishing is done by
- PT Indosat Tbk, the issuer of telecommunications service providers,
increase the value of total debt from Rp2, 5 trillion to Rp3 trillion,
following a number of bond orders in the process of book building some
time ago.As announced on its website, ordering bonds surpassed Rp3, 7 trillion. This amount is claimed to be the biggest book publishing is done by
INDONESIA - CAPITAL MARKETS - Indosat lowers expectations Sukuk Ijara down from Rp 500 billion to Rp 300 billion
www.bisnis.com - JAKARTA:
PT Indosat Tbk, the issuer of telecommunications service providers,
lowering the value of Sukuk Ijarah Indosat V from Rp500 billion to Rp300
billion. Instead,
the plan offers Bonds VIII rationed only Rp2 trillion up to Rp2, 7
trillion, because the number of subscribers in the process of book
building.According to the Public Relations Division Head, Adrian Prasanto,
PT Indosat Tbk, the issuer of telecommunications service providers,
lowering the value of Sukuk Ijarah Indosat V from Rp500 billion to Rp300
billion. Instead,
the plan offers Bonds VIII rationed only Rp2 trillion up to Rp2, 7
trillion, because the number of subscribers in the process of book
building.According to the Public Relations Division Head, Adrian Prasanto,
INDONESIA - RATNGS - Pefindo rates Indosat Sukuk Ijara
www.indosat.com - Pefindo Publishes Rating 'id AA +' (Double A Plus) for Indosat Bonds VIII 2012 and 'id AA + (sy)' (Double A Plus Sharia) for Indosat Sukuk Ijarah V Year 2012
Jakarta, June 18, 2012 - PT Indosat Tbk ("Indosat") announced today that Pefindo has assigned a rating 'id AA +' (Double A Plus) and 'id AA + (sy)' (Double A Plus Sharia) for each - each Indosat Bonds VIII 2012 and
Jakarta, June 18, 2012 - PT Indosat Tbk ("Indosat") announced today that Pefindo has assigned a rating 'id AA +' (Double A Plus) and 'id AA + (sy)' (Double A Plus Sharia) for each - each Indosat Bonds VIII 2012 and
INDONESIA - RATINGS - Bank Syariah Mandiri Tbk.
www.pefindo.com - PEFINDO assigned its “idAA+” rating to PT Bank Syariah Mandiri (BSRM or the Bank) with a ‘stable’ outlook. The rating reflects very strong support from PT Bank Mandiri (Persero) Tbk (Bank Mandiri or BMRI, rated idAAA/Stable), very strong position in sharia banking segment, and improving asset quality indicators. However, the rating is constrained by the Bank’s moderate
Jumat, 22 Juni 2012
WORLD - RATNGS - Fitch affirms Islamic Development Bank
www.reuters.com - Fitch Ratings has affirmed the Islamic Development Bank's (IsDB)
Long-term Issuer Default Rating (IDR) at 'AAA' with a Stable Outlook and
Short-term IDR at 'F1+'.
IsDB's ratings are underpinned by strong intrinsic features, primarily by
excellent capitalisation. IsDB is one of the most highly capitalised
multilateral development banks (MDBs) covered by Fitch. The ratio of
Long-term Issuer Default Rating (IDR) at 'AAA' with a Stable Outlook and
Short-term IDR at 'F1+'.
IsDB's ratings are underpinned by strong intrinsic features, primarily by
excellent capitalisation. IsDB is one of the most highly capitalised
multilateral development banks (MDBs) covered by Fitch. The ratio of
MALAYSIA - BANKING - Al-Rajhi bank unveils Commodity Murabahah
www.btimes.com.my - Al Rajhi Bank Malaysia on Monday introduced Collateralised Commodity
Murabahah-i (CCM-i) as a new instrument for its Treasury use and is
pleased to be the first Islamic financial institution to adopt such
instrument in managing its daily money market transactions. The
announcement was made at their Kuantan Branch launching ceremony which
was graced by YAB Dato’ Seri
Murabahah-i (CCM-i) as a new instrument for its Treasury use and is
pleased to be the first Islamic financial institution to adopt such
instrument in managing its daily money market transactions. The
announcement was made at their Kuantan Branch launching ceremony which
was graced by YAB Dato’ Seri
INDONESIA - CAPITAL MARKETS - Indonesia to sell US$106.4-M Islamic Bond
www.livetradingnews.com -Indonesia is scheduled to sell sovereign Islamic bond on 26 June at
indicative value of 1-T Rupiah (about US$106.4-M), aiming at financing
the state budget this year, a statement released by the financial
ministry said Wednesday.
The sale of the Islamic bond would be conducted through auction
basis, to sell 4 series of the bond, maturing from Y’s 2018 to 2037 and
indicative value of 1-T Rupiah (about US$106.4-M), aiming at financing
the state budget this year, a statement released by the financial
ministry said Wednesday.
The sale of the Islamic bond would be conducted through auction
basis, to sell 4 series of the bond, maturing from Y’s 2018 to 2037 and
Rabu, 20 Juni 2012
MALAYSIA - FINANCE - Malaysia revises Islamic equity standards
www.reuters.com - (Reuters) - Malaysia's securities commission
is revising its guidelines for equities which qualify for
Islamic investment, in a move that could increase the appeal of
the country's sharia-compliant funds industry to Gulf investors.
Under the previous standards, investment was banned or
restricted in companies that were involved in industries deemed
to be unethical, such as
is revising its guidelines for equities which qualify for
Islamic investment, in a move that could increase the appeal of
the country's sharia-compliant funds industry to Gulf investors.
Under the previous standards, investment was banned or
restricted in companies that were involved in industries deemed
to be unethical, such as
MALAYSIA - CAPITAL MARKETS - Malaysia revises Shari’ah screening methodology
www.cpifinancial.net - The Shari’ah Advisory Council (SAC) of the Securities Commission Malaysia (SC) has announced the adoption of a revised screening methodology to determine the Shari’ah-compliant status of listed companies.
In view of the developments and growing sophistication of the Islamic finance industry since the introduction of the current screening methodology in 1995, the SAC has
In view of the developments and growing sophistication of the Islamic finance industry since the introduction of the current screening methodology in 1995, the SAC has
INDONESIA - REGULATIONS - Hadad (MES) choosen as head OJK
www.kontan.co.id - JAKARTA. All members of the Commission XI of the House of Representatives (DPR) has selected unanimously Muliaman D. Hadad as Chairman of the Board of Commissioners the Financial Services Authority (OJK DK). Hadad
was elected unanimously by the 52 members of the House Commission XI
meeting following the election of a chairman and a member of DK OJK.A total of nine factions to
was elected unanimously by the 52 members of the House Commission XI
meeting following the election of a chairman and a member of DK OJK.A total of nine factions to
INDONESIA - BANKING - Permata Syariah seeks 100 branch in Kedoya
www.bisnis.com - JAKARTA: PT Bank Permata Tbk invest Rp1, 5 billion in order to open a branch office in the new Sharia unit Kedoya, West Jakarta. Head of Bank Permata Syariah Ahmad K. Permana revealed through the branches of the company is optimistic to get 100 billion funds under management in the first year. As for financing, following the custom during this entire process will be conducted
INDONESIA - REGULATIONS - Comments on this Islamic Banking Commissioner OJK
WWW.REPUBLIKA.CO.ID, JAKARTA - Director of Compliance and Risk Management of Bank Muamalat, Andi Buchari, expect the new Board of Commissioners OJK can help the progress of Islamic banking. "Indonesia Sharia Bank Association already advises the OJK to participate in making policies that promote Islamic banking," said Andi, Wednesday (20/6). (source)
Andi has been chosen to believe that a person
Andi has been chosen to believe that a person
INDONESIA - CAPITAL MARKETS - Government Auction Sukuk Rp1 Trillion
www.investor.co.id - JAKARTA
- The government will sell securities in Islamic countries (SBSN) or
sukuk countries through an auction on June 26, 2012 with a total
indicative Rp1 trillion.Written
statement of the Directorate General of Debt Management, Ministry of
Finance on Wednesday, said the sukuk sale of the country to meet part of
the national budget financing target in 2012.There are
- The government will sell securities in Islamic countries (SBSN) or
sukuk countries through an auction on June 26, 2012 with a total
indicative Rp1 trillion.Written
statement of the Directorate General of Debt Management, Ministry of
Finance on Wednesday, said the sukuk sale of the country to meet part of
the national budget financing target in 2012.There are
INDONESIA - BANKING - BNI SHARIA: Expand Services, Open Office In Tasikmalaya
www.bisnis.com - Tasikmalaya
- BNI Syariah ready to Tasikmalaya expansion of business networks to
expand the reach of Islamic financial services in areas that have the
potential customer base.The
inauguration was attended by the mayor's office Tasikmalaya Sharif
Hidayat, Director of Operations Zunaedi Hisam BNI on Tuesday (19/6)
located in The City Road Tasikmalaya.Director
of BNI Zunaedi
- BNI Syariah ready to Tasikmalaya expansion of business networks to
expand the reach of Islamic financial services in areas that have the
potential customer base.The
inauguration was attended by the mayor's office Tasikmalaya Sharif
Hidayat, Director of Operations Zunaedi Hisam BNI on Tuesday (19/6)
located in The City Road Tasikmalaya.Director
of BNI Zunaedi
INDONESIA - FINANCE - HAJJ FUND drawn Affairs, Islamic Banking Performance immediately dropped
www.bisnis.com - JAKARTA:
Withdrawal of funds by the Ministry of Religious pilgrimage to be one
major factor weakening the performance of Islamic banking industry
during April.A
source of Business in an Islamic bank in the know said the weaker
performance of Islamic banks because the funds withdrawn Hajj then
transferred to the instrument sukuk"It came out trillions and must be replaced to
Withdrawal of funds by the Ministry of Religious pilgrimage to be one
major factor weakening the performance of Islamic banking industry
during April.A
source of Business in an Islamic bank in the know said the weaker
performance of Islamic banks because the funds withdrawn Hajj then
transferred to the instrument sukuk"It came out trillions and must be replaced to
INDONESIA - CAPITAL MARKETS - So Muamalat Rp800 Billion Increase Value of Sukuk
www.bisnis.com - JAKARTA:
Indonesia Tbk, PT Bank Muamalat increase the value of emissions from
the subordinated sukuk plans Rp500 billion to Rp800 beginning billion,
as strong demand from investorsHendiarto,
Director of Finance and Operations Bank Muamalat, said the incoming
requests from investors to the sukuk subordination (subdebt) of Phase I
reach Rp1, 13 trillion, much higher than the
Indonesia Tbk, PT Bank Muamalat increase the value of emissions from
the subordinated sukuk plans Rp500 billion to Rp800 beginning billion,
as strong demand from investorsHendiarto,
Director of Finance and Operations Bank Muamalat, said the incoming
requests from investors to the sukuk subordination (subdebt) of Phase I
reach Rp1, 13 trillion, much higher than the
INDONESIA - CAPITAL MARKETS - Muamalat: Measures to be Rp800 billion, for the 10.125%
www.bisnis.com - JAKARTA:
Indonesia Tbk, PT Bank Muamalat increase the value of emissions from
the subordinated sukuk plans Rp500 billion to Rp800 beginning billion,
as strong demand from investors.Hendiarto,
Director of Finance and Operations Bank Muamalat, said the incoming
requests from investors to the sukuk subordination (subdebt) of Phase I
reach Rp1, 13 trillion, much higher than the
Indonesia Tbk, PT Bank Muamalat increase the value of emissions from
the subordinated sukuk plans Rp500 billion to Rp800 beginning billion,
as strong demand from investors.Hendiarto,
Director of Finance and Operations Bank Muamalat, said the incoming
requests from investors to the sukuk subordination (subdebt) of Phase I
reach Rp1, 13 trillion, much higher than the
Senin, 18 Juni 2012
INDONESIA - BANKING - BNI Syariah Distributes Franchise Financing Rp 45 Billion
WWW.REPUBLIKA.CO.ID, JAKARTA - Bank Negara Indonesia (BNI) Syariah finance franchise record of Rp 45 billion. Outstanding is obtained within one year of service franchise financing. "New year BNI Syariah into this financing," said Executive Vice President of BNI Syariah, Strong Rahardjo, Monday (18/6). But BNI Syariah itself does not have a specific product to deliver franchise financing. In
INDONESIA - BANKING -Fitch: New Rules to Boost Indonesian Consumer-Loan Asset Quality
www.theindonesiatoday.com - JAKARTA, Indonesia Today
- New consumer finance rules in Indonesia that cap the maximum
loan-to-value on auto loans and mortgages are likely to improve
underwriting quality and slow lending growth, says Fitch Ratings.
The impact will be felt mainly on non-bank finance companies, which are more active than banks in higher-risk lending.
The consumer finance
- New consumer finance rules in Indonesia that cap the maximum
loan-to-value on auto loans and mortgages are likely to improve
underwriting quality and slow lending growth, says Fitch Ratings.
The impact will be felt mainly on non-bank finance companies, which are more active than banks in higher-risk lending.
The consumer finance
Jumat, 15 Juni 2012
INDONESIA - BANKING - 36 Percent of Customers non-Muslim Permata Shariah
WWW.REPUBLIKA.CO.ID, JAKARTA - Bank Syariah gems prove ourselves to grow as a universal bank.Although
the use of sharia-based banking system, Shariah gems could invite
non-Muslim community in Indonesia to invest in the bank.This was shown with the Shariah Bank Permata client presentation. Approximately 36 percent of the customers come from among non-Muslims. Although still dominated by Muslim
the use of sharia-based banking system, Shariah gems could invite
non-Muslim community in Indonesia to invest in the bank.This was shown with the Shariah Bank Permata client presentation. Approximately 36 percent of the customers come from among non-Muslims. Although still dominated by Muslim
INDONESIA - BANKING - Bank profits rose 314% Permata Sharia
www.kontan.co.id - JAKARTA. Jewels
Islamic Bank profit up to the first quarter of 2012 surged by 314% to $
58.5 billion compared to same period last year amounted to Rp 14.1
billion. This growth is in line with operational performance improvement Permata Bank Syariah until March 2012.Operating
income rose 310% to $ 59.6 billion in the first quarter of 2012 driven
by growth in net margin
Islamic Bank profit up to the first quarter of 2012 surged by 314% to $
58.5 billion compared to same period last year amounted to Rp 14.1
billion. This growth is in line with operational performance improvement Permata Bank Syariah until March 2012.Operating
income rose 310% to $ 59.6 billion in the first quarter of 2012 driven
by growth in net margin
INDONESIA - REGULATIONS - BI to Strictly Select Foreign Investor in Controlling Local Bank Read more: Latest News | BI to Strictly Select Foreign Investor in Controlling Local Bank
www.theindonesiatoday.com -JAKARTA, Indonesia Today - Central bank, Bank Indonesia
(BI), will not only restrict the ownership in banks with certain good
corporate governance (GCG) standars, but also strictly select the
foreign investors in controlling the local bank, Bisnis.com reported.
Mulya Siregar, executive director for banking research and management
department at Bank Indonesia, told
(BI), will not only restrict the ownership in banks with certain good
corporate governance (GCG) standars, but also strictly select the
foreign investors in controlling the local bank, Bisnis.com reported.
Mulya Siregar, executive director for banking research and management
department at Bank Indonesia, told
SINGAPORE - ARTICLE - Is There Room for Singapore to be an Islamic Finance Hub?
www.businessislamica.com - Islamic finance was marked with exponential developments globally
over the three last decades, spurring enormous demand for
Shari’ah-compliant schemes. Although relatively new, Islamic finance
has, ever since inception in the late 1960s (Halabi. et.al. 2004),
proven to be one of the fastest growing elements of the global financial
system. According to the Global
over the three last decades, spurring enormous demand for
Shari’ah-compliant schemes. Although relatively new, Islamic finance
has, ever since inception in the late 1960s (Halabi. et.al. 2004),
proven to be one of the fastest growing elements of the global financial
system. According to the Global
INDONESIA - CAPITAL MARKETS - SUKUK GLOBAL: Fitri plan published after 2012
www.bisnis.com - JAKARTA: The government plans to issue Sharia Government Securities (sukuk) around global III/2012 quarter or after the Hari Raya holiday. Waluyanto, Director General of Debt Management, Ministry of Finance, said that while the European crisis has not abated, but the issuance of global sukuk Samurai Bond and still according to plan. "Still on schedule, that's a crisis in Europe.
INDONESIA - CAPITAL MARKETS - Indonesia Mulls $1bIslamic Bond Sale in Q3
www.thejakartaglobe.com - The government may offer as much as $1 billion worth of
dollar-denominated Islamic bonds in the third quarter this year in a bid
to finance its budget deficit, a senior official said. Rahmat
Waluyanto, director of the Finance Ministry’s general debt management
office, said the Islamic bond sale would be conducted after the Idul
Fitri holiday, which marks the end of
dollar-denominated Islamic bonds in the third quarter this year in a bid
to finance its budget deficit, a senior official said. Rahmat
Waluyanto, director of the Finance Ministry’s general debt management
office, said the Islamic bond sale would be conducted after the Idul
Fitri holiday, which marks the end of
Kamis, 14 Juni 2012
INDONESIA - BANKING - Open Savings Griya BNI Syariah, will you?
WWW.REPUBLIKA.CO.ID, JAKARTA - Bank Negara Indonesia (BNI) Syariah introduce new products in the TVC, the Savings Encyclopedia. These savings provide services to clients who want to save for home financing.Shortage of customers for this is the weakness of the down payment when they wanted to buy a house. The percentage of down payment is high enough to make customers take a long time just to
INDONESIA - BANKING - BNI Syariah BPR Syariah be coupled
WWW.REPUBLIKA.CO.ID, JAKARTA - BNI Syariah plan to extend the wings by working with rural banks (BPR). But BNI Syariah will have the ACA is also in accordance with sharia as his partner. President Dinno Indiano said BNI Syariah, the front of BNI BNI Syariah will emulate conventional to cooperate with the ACA. However, non-conventional ACA to be incaran BNI Syariah, unless the Agency to base
INDONESIA - CAPITAL MARKETS - Auction results Sovereign Sukuk
www.bi.go.id - On this day, Tuesday, June 12, 2012, has conducted auctions State Sharia Securities (SBSN) or State Sukuk series SPN-S 13,122,012 (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
INDONESIA - BANKING - BJB Syariah Riawan Amin : Islamic banks should Synergize with Parent
WWW.REPUBLIKA.CO.ID, JAKARTA - In order to develop properly, Islamic banks need a synergy with its parent company. This synergy can be done through infrastructure and third party funds."What
we want now is how to spend the capital as soon as possible," said
Managing Director of Bank Jabar Banten Sharia (BJBS), A Riawan Amin,
after a speaker in the National Symposium on Gold-based monetary
we want now is how to spend the capital as soon as possible," said
Managing Director of Bank Jabar Banten Sharia (BJBS), A Riawan Amin,
after a speaker in the National Symposium on Gold-based monetary
INDONESIA - BANKING - Muamalat: Pension Fund of Funds under management reached Rp329, 95 billion
www.bisnis.com - JAKARTA: The total investment fund Pension Fund Indonesia Tbk, PT Bank Muamalat reach Rp329, 95 billion in 2011, grew 23.62% from Rp266, 89 billion a year earlier. Based on the financial report published today (12/6), DPLK Muamalat allocate the majority of investment funds on deposit portfolio amounting to Rp279, 10 billion (84.58%). The remaining portfolio of mutual funds of
MALAYSIA - TAKAFUL - Malaysia's Contribution To Global Takaful Industry To Increase To US$2.4 Billion
www.bernama.com - KUALA LUMPUR, June 13 (Bernama) -- Malaysia's contribution to the
global Takaful industry is expected to increase to US$2.4 billion this
year from US$1.4 billion in 2011.
Ernst and Young Partner (Assurance) Brandon Bruce Sta Maria said the
estimation was based on expectations that the industry's growth trend
would be sustained for the next two years.
"Malaysia's market
global Takaful industry is expected to increase to US$2.4 billion this
year from US$1.4 billion in 2011.
Ernst and Young Partner (Assurance) Brandon Bruce Sta Maria said the
estimation was based on expectations that the industry's growth trend
would be sustained for the next two years.
"Malaysia's market
INDONESIA - BANKING - Banks ‘held hostage’ by big depositors: Bank Indonesia
www.thejakartapost.com - Bank Indonesia (BI) has uncovered worrying evidence that the country’s
banks are being held hostage by their big clients, preventing them from
lowering their interest rates in line with the central bank’s low
interest-rate policy. BI Governor Darmin Nasution said that
based on the central bank’s survey, most banks could not cut their
interest rates to an affordable
banks are being held hostage by their big clients, preventing them from
lowering their interest rates in line with the central bank’s low
interest-rate policy. BI Governor Darmin Nasution said that
based on the central bank’s survey, most banks could not cut their
interest rates to an affordable
Selasa, 12 Juni 2012
INDONESIA - CAPITAL MARKETS - Indonesia raises 800bn rupiah sukuk, yield falls
www.brecorder.com - JAKARTA: Indonesia's government raised 800 billion rupiah ($85.06
million) of project-based sukuk in an auction on Wednesday, slightly
below its target, the finance ministry said.The six-year project-based
sukuk was at a yield of 5.92188 percent, down from 6.14266 percent in an
auction last month, belying a recent trend of rising yields in
government debt auctions amid
million) of project-based sukuk in an auction on Wednesday, slightly
below its target, the finance ministry said.The six-year project-based
sukuk was at a yield of 5.92188 percent, down from 6.14266 percent in an
auction last month, belying a recent trend of rising yields in
government debt auctions amid
Senin, 11 Juni 2012
WORLD - SURVEY - 2012 Global Muslim Lifestyle Travel Market SURVEY
Click here to launch the survey
Purpose: The purpose of this survey is to develop a
fact-based voice of the Muslim leisure travelers needs and satisfaction
levels. The study will help guide hotels, airlines, and travel
destinations to better cater to Muslim travelers.
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Win:
Minggu, 10 Juni 2012
INDONESIA - REGULATIONS - BI-term review of the rules of Islamic forex
www.bisnis.com - JAKARTA:
Bank Indonesia is conducting a study to create a kind of instrument
placement of foreign currency deposits for Islamic banking.Difi A. Johansyah,
Director of Public Relations Group of Bank Indonesia (BI), said the
central bank's Monetary Management Department is conducting studies to
instrument placement deposits (term deposits) of foreign exchange which
currently
Bank Indonesia is conducting a study to create a kind of instrument
placement of foreign currency deposits for Islamic banking.Difi A. Johansyah,
Director of Public Relations Group of Bank Indonesia (BI), said the
central bank's Monetary Management Department is conducting studies to
instrument placement deposits (term deposits) of foreign exchange which
currently
Sabtu, 09 Juni 2012
INDONESIA - CAPITAL MARKETS - Demand for Local Sukuk ‘Excessive’ With More Likely Ahead, Official Says
www.thejakartaglobe.com -Surabaya. The government has issued Rp
120 trillion ($12.8 billion) in Islamic bonds during the past four
years, which the Finance Ministry attributes to an “excessive” demand
for them among Muslim investors. The ministry’s director for
Shariah financing, Dahlan Siamat, said the government issued its first
Islamic bond, known as sukuk, in 2008, and as of Thursday it
Jumat, 08 Juni 2012
INDONESIA - CAPITAL MARKETS - Government Issuing Sukuk Haji Rp2, 5 trillion
www.investor.co.id - AKARTA
- The government issued securities sharia state (SBSN) or state sukuk
SDHI 2018 A series of Rp2, 5 trillion to meet part of the 2012 state
budget targets.Written
statement of the Directorate General of Debt Management, Ministry of
Finance received Antara here on Thursday, citing a 2018 publication SDHI
was done through the placement of Haji Fund administered by
- The government issued securities sharia state (SBSN) or state sukuk
SDHI 2018 A series of Rp2, 5 trillion to meet part of the 2012 state
budget targets.Written
statement of the Directorate General of Debt Management, Ministry of
Finance received Antara here on Thursday, citing a 2018 publication SDHI
was done through the placement of Haji Fund administered by
INDONESIA - FINANCE - 96 % of 1997 bail out funds disappeared - Bank Indonesia Bailout Scandal Fugitive Arrested in US
www.thejakartaglobe.com - A fugitive in the high-profile Bank Indonesia bailout case has been
arrested in San Fransisco, California, after a decade on the run, the
Indonesian police said in Jakarta on Friday.It is not clear yet
when the arrest was made, but Sherny Kojongian, 49, a former director
with Bank Harapan Sentosa (BHS), is expected to arrive in Jakarta on
June 13.“She will be
arrested in San Fransisco, California, after a decade on the run, the
Indonesian police said in Jakarta on Friday.It is not clear yet
when the arrest was made, but Sherny Kojongian, 49, a former director
with Bank Harapan Sentosa (BHS), is expected to arrive in Jakarta on
June 13.“She will be
MALAYSIA - PUBLICATIONS - IMF Working Paper 12-151 - What's in it for me ?
www.inf.org
What’s in It for Me? A Primer on Differences between Islamic and Conventional Finance in Malaysia
Krasicka, Olga ; Nowak, Sylwia
IMF Working Papers - June 2012 - 12/151
Summary: What
attracts conventional investors to Islamic financial instruments? We
answer this question by comparing Malaysian Islamic and conventional
security prices and their response to macrofinancial
What’s in It for Me? A Primer on Differences between Islamic and Conventional Finance in Malaysia
Krasicka, Olga ; Nowak, Sylwia
IMF Working Papers - June 2012 - 12/151
Summary: What
attracts conventional investors to Islamic financial instruments? We
answer this question by comparing Malaysian Islamic and conventional
security prices and their response to macrofinancial
INDONESIA - CAPITAL MARKETS - Adhi Karya issues Rp 750b bonds
www.thejakartapost.com - JAKARTA: Publicly listed construction company PT Adhi Karya is seeking
Rp 750 billion (US$80 million) from issuing conventional and Islamic
bonds with high coupon rates ranging between 9 and 10.5 percent.The
company is offering Rp 625 billion in conventional bonds, which are
divided into two series. The A series, which will account for Rp 375
billion and will mature
Rp 750 billion (US$80 million) from issuing conventional and Islamic
bonds with high coupon rates ranging between 9 and 10.5 percent.The
company is offering Rp 625 billion in conventional bonds, which are
divided into two series. The A series, which will account for Rp 375
billion and will mature
SINGAPORE - SPEECHES - WIBC Singapore 2012
The Next Phase in Islamic Finance
Ravi Menon
Managing Director, Monetary Authority of Singapore
Opening Address at the 3rd Annual World Islamic Banking Conference: Asia Summit
Grant Hyatt Singapore
5 June 2012
Dr Ahmad Mohamed Ali Al-Madani, President, Islamic Development Bank,
Your Excellencies, distinguished guests, ladies and gentlemen, good morning.
And to all our foreign guests, a
INDONESIA - CLIPS - BIFIS 2012 Bandung (AmilinTV - 4 clips)
Exclusive Interview - A. Riawan / Rushdi Siddiqui / Sheikh Nizam Yakubi / Ahmad Heryawan
Event: Bandung Islamic Finance and Investment Smbmit 2012
Venue: Grand Royal Panghegar Bandung, Indonesia
Date: 29th - 30th May 2012
Exclusive Interview - Rushdi Siddiqui
Exclusive Interview - Sheikh Nizam Yakubi
Exclusive Interview - Ahmad Heryawan Governor West-Java
Event: Bandung Islamic Finance and Investment Smbmit 2012
Venue: Grand Royal Panghegar Bandung, Indonesia
Date: 29th - 30th May 2012
Exclusive Interview - Rushdi Siddiqui
Exclusive Interview - Sheikh Nizam Yakubi
Exclusive Interview - Ahmad Heryawan Governor West-Java
Kamis, 07 Juni 2012
SINGAPORE - EVENTS - Islamic banks 'can fill funding gap': S’pore Monetary Authority
www.thejakartaglobe.com -Islamic banks are priming themselves to capture a larger share
of the global trade and project financing market, as European banks pull
back funds to mend balance sheets back home.
The Monetary
Authority of Singapore's (MAS) managing director Ravi Menon noted on
Tuesday that trade and infrastructure development is naturally
compatible with Islamic finance, which has
of the global trade and project financing market, as European banks pull
back funds to mend balance sheets back home.
The Monetary
Authority of Singapore's (MAS) managing director Ravi Menon noted on
Tuesday that trade and infrastructure development is naturally
compatible with Islamic finance, which has
INDONESIA - CAPITAL MARKETS - Government Sukuk Tebitkan Haji Rp2, 5 T
www.neraca.co.id - Jakarta-The government re-issued securities in Islamic countries (SBSN) or state sukuk SDHI series 2018 A senlai Rp2, 5 triliun.Penerbitan Haji Indonesia Sukuk Fund (SDHI) 2018A is done through the placement of Haji Fund administered by the Ministry of Religious Affairs on the sukuk. According to the Directorate General of Debt Management, Ministry of Finance in Jakarta. The
WORLD - INDEX - Changes Made To Dow Jones Islamic Market Indexes
www.djindexes.com -Changes Follow Regular Annual Review - LONDON (7 June 2012) – Dow Jones Indexes, a leading global index provider, today announced the results of the regular annual review of the Dow Jones Islamic Market Titans 100 Index
and its three subindexes, Dow Jones Islamic Market U.S. Titans 50
Index, Dow Jones Islamic Market Asia/Pacific Titans 25 Index and Dow
Jones Islamic Market
and its three subindexes, Dow Jones Islamic Market U.S. Titans 50
Index, Dow Jones Islamic Market Asia/Pacific Titans 25 Index and Dow
Jones Islamic Market
INDONESIA - CAPITAL MARKETS - SADHI KARYA Bonds offered at 9-10.5 %
www.bisnis.com - JAKARTA: State-owned construction company PT Adhi Karya Tbk offer coupon bonds and sukuk in the range of 9% - 10.5%.
Director of PT Danareksa Sekuritas Sincere Nababan said the company plans to issue bonds amounting to Rp1 sustainable, 5 trillion.
For the first phase of bonds to be issued sebesars Rp750 billion consisting of conventional bonds and sukuk amounting to Rp625
Director of PT Danareksa Sekuritas Sincere Nababan said the company plans to issue bonds amounting to Rp1 sustainable, 5 trillion.
For the first phase of bonds to be issued sebesars Rp750 billion consisting of conventional bonds and sukuk amounting to Rp625
INDONESIA - HALAL - Indonesia: More imported products declared halal by MUI
www.halalfocus.net - Companies from 37 countries have been granted halal certificates by
the Indonesian Ulema Council (MUI), indicating a growing interest in the
halal product business in Indonesia, said an Indonesian Chamber of
Commerce and Industry (Kadin) executive on Tuesday.
“It is a good sign that Muslims in Indonesia can consume more
imported products, which are safe and in compliance
the Indonesian Ulema Council (MUI), indicating a growing interest in the
halal product business in Indonesia, said an Indonesian Chamber of
Commerce and Industry (Kadin) executive on Tuesday.
“It is a good sign that Muslims in Indonesia can consume more
imported products, which are safe and in compliance
INDONESIA - RATNGS - Adhi Karya (Persero) Tbk.
www.pefindo.com -PEFINDO raised the ratings of PT Adhi Karya (Persero) Tbk. (ADHI or the Company), the Company’s Bonds IV/2007 at “idA” from “idA-” and its Sukuk Mudharabah I/2007 at “idA(sy)” from “idA-(sy)”.
At the same time, PEFINDO also assigned “idA” rating to the proposed
bond “Obligasi Berkelanjutan I Adhi Tahap I tahun 2012” with a maximum
value of IDR1.25 trillion and “idA(sy)”
At the same time, PEFINDO also assigned “idA” rating to the proposed
bond “Obligasi Berkelanjutan I Adhi Tahap I tahun 2012” with a maximum
value of IDR1.25 trillion and “idA(sy)”
INDONESIA - FINANCE - HSBC to Pioneer Islamic Forex Products in Indonesia
www.bloomberg.com -HSBC Amanah will offer Islamic
foreign exchange forwards and cross-currency hedging instruments
in Indonesia starting next month to help Shariah-compliant banks
manage risks arising from currency fluctuations.
“For these two products, we are the first to receive
approval from the central bank,” Herwin Bustaman, HSBC Amanah’s
Indonesia head, said in a telephone interview
foreign exchange forwards and cross-currency hedging instruments
in Indonesia starting next month to help Shariah-compliant banks
manage risks arising from currency fluctuations.
“For these two products, we are the first to receive
approval from the central bank,” Herwin Bustaman, HSBC Amanah’s
Indonesia head, said in a telephone interview
MALAYSIA - FINANCE - Malaysia c.bank to expand new Islamic facility
www.reuters.com - (Reuters) - Malaysia's central bank will
eventually expand its new Islamic money market funding facility
to allow trades of the instrument between commercial banks,
while introducing longer tenors, the central bank said on
Thursday.
The central bank announced last week that it was launching a
collateralised murabaha facility through which Islamic banks
could obtain funds from
eventually expand its new Islamic money market funding facility
to allow trades of the instrument between commercial banks,
while introducing longer tenors, the central bank said on
Thursday.
The central bank announced last week that it was launching a
collateralised murabaha facility through which Islamic banks
could obtain funds from
INDONESIA - CAPITAL MARKETS - Sukuk Sale in Works For End of the Year
www.thejakartaglobe.com - Indonesia will sell dollar-denominated sukuk toward the end of the year,
according to Dahlan Siamat, a director of Islamic financing at the debt
management office, provided it gets approval from the finance minister.
Dahlan declined to disclose the size of the offer, saying on
Monday that “we have figures for the amount in the report we sent to the
finance minister,
according to Dahlan Siamat, a director of Islamic financing at the debt
management office, provided it gets approval from the finance minister.
Dahlan declined to disclose the size of the offer, saying on
Monday that “we have figures for the amount in the report we sent to the
finance minister,
INDONESIA - CAPITAL MARKETS - Indonesia Reports ‘Excessive’ Demand for Sukuk Bonds
www.thejakartaglobe.com -Surabaya. The Indonesian government
has issued Rp 120 trillion ($12.84 billion) in Islamic bonds, better
known as sukuk, over the past four years, which the Finance Ministry
attributes to an "excessive" demand among Muslim investors. The
ministry’s director for Shariah financing, Dahlan Siamat, said the
government issued its first sukuk in 2008, and as of Thursday
Rabu, 06 Juni 2012
INDONESIA - BANKING - Expansion Reaches mortgage BNI Syariah Rp3 T
WWW.REPUBLIKA.CO.ID, JAKARTA - Bank Negara Indonesia (BNI) Syariah increase year-end target of financing (mortgage). Target increased from the initial target of Rp200 billion. "We hope to penetrate Rp3 trillion," said Executive Vice President of BNI Syariah, Strong Rahardjo, told Reuters on Wednesday (6/6). Previously set a target of Rp2 BNI Syariah, 8 trillion. This is done considering the
INDONESIA - BANKING - ISLAMIC BANK RULES This golden rule of financing in Islamic banks
www.kontan.co.id - JAKARTA. Bank
Indonesia (BI) has given the green signal for Islamic banks to provide
financing ownership of gold products (PKE) using a murabaha contract
(sale and purchase in installments). However, some rules must be met in order not subject to sanctions when the product is running. What is it?Rules
contained in the SE Number 14/16/DPbS about PKE BI launched late last
Indonesia (BI) has given the green signal for Islamic banks to provide
financing ownership of gold products (PKE) using a murabaha contract
(sale and purchase in installments). However, some rules must be met in order not subject to sanctions when the product is running. What is it?Rules
contained in the SE Number 14/16/DPbS about PKE BI launched late last
INDONESIA - BANKING - Expansion of Foreign Banks in Indonesia Bank Sarasin to open the service in Indonesia
www.kontan.co.id - JAKARTA. Bank Sarasin & Co.. Ltd., began considering a plan to do business in Indonesia. Currently,
a special bank manage customer wealth of at least U.S. $ 2.7 million,
the newly opened representative office in Singapore to attract the rich
in Asia.Renate
Boerner, Marketing Communications Director of Bank Sarasin said it
wanted to open a representative office in Indonesia
a special bank manage customer wealth of at least U.S. $ 2.7 million,
the newly opened representative office in Singapore to attract the rich
in Asia.Renate
Boerner, Marketing Communications Director of Bank Sarasin said it
wanted to open a representative office in Indonesia
INDONESIA - CAPITAL MARKETS - Bank Muamalat Issues Subordinated Sukuk Worth IDR 1.5 Trillion
www.muamalatbank.com - Bank Muamalat Indonesia issues a total of IDR 1,5 trilion Subordinated
Sukuk in Jakarta 5/30, as the Indonesian Islamic banking pioneer aims
to strengthen the capital structure in speeding up business.
The idA(sy) rating is given by PT Pefindo - Credit Rating Indonesia
for this Mudharaba-based subdebt, meanwhile Bank Muamalat was rated
idA+ as the issuer.
Sukuk in Jakarta 5/30, as the Indonesian Islamic banking pioneer aims
to strengthen the capital structure in speeding up business.
The idA(sy) rating is given by PT Pefindo - Credit Rating Indonesia
for this Mudharaba-based subdebt, meanwhile Bank Muamalat was rated
idA+ as the issuer.
INDONESIA - TAKAFUL - Syarikat Takaful may go for M&As to secure bigger market share
www.thestar.com.my -PETALING JAYA: Syarikat Takaful Malaysia Bhd
will focus on its core markets in Malaysia and Indonesia but does not
rule out the possibility of mergers and acquisitions (M&As) in a bid
to have a stronger foothold and a bigger market share in the takaful
business.
Goup managing director Datuk Mohamed Hassan Kamil (pic) told StarBiz the company was now concentrating its
will focus on its core markets in Malaysia and Indonesia but does not
rule out the possibility of mergers and acquisitions (M&As) in a bid
to have a stronger foothold and a bigger market share in the takaful
business.
Goup managing director Datuk Mohamed Hassan Kamil (pic) told StarBiz the company was now concentrating its
MALAYSIA - BANKING - Maybank Islamic reports 50/50 split of Muslim/non Muslim customers
www.cpifinancial.net - Product innovation and knowledge of local market wins over customers of
any religion, according to Maybank Islamic’s CEO, Muzaffar Hisham.
The demographic of Maybank Islamic’s customers is a 50/50 split of Muslims/non Muslims, Hisham revealed to Islamic Business & Finance on the sidelines of the 3rd World Islamic Banking Conference Asia Summit.
“One of the reasons is
any religion, according to Maybank Islamic’s CEO, Muzaffar Hisham.
The demographic of Maybank Islamic’s customers is a 50/50 split of Muslims/non Muslims, Hisham revealed to Islamic Business & Finance on the sidelines of the 3rd World Islamic Banking Conference Asia Summit.
“One of the reasons is
INDONESIA - CAPITAL MARKETS - Indonesia details Sukuk auction for 12 June
www.cpifinancial.net -The Ministry will be selling six-month Shari’ah
T-bills and project-based Sukuk across a range of maturities: six, 10,
15 and 25 years (respectively, 2018, 2022, 2027 and 2037).
Indonesia’s most recent Sukuk auction on 22 May also had an
indicative target of IDR 1 trillion but only raised IDR 550 billion
despite receiving bids totalling IDR 1.42 trillion. Thee country
T-bills and project-based Sukuk across a range of maturities: six, 10,
15 and 25 years (respectively, 2018, 2022, 2027 and 2037).
Indonesia’s most recent Sukuk auction on 22 May also had an
indicative target of IDR 1 trillion but only raised IDR 550 billion
despite receiving bids totalling IDR 1.42 trillion. Thee country
CHINA - INDEX - Component Changes Made to Dow Jones Islamic Market China/Hong Kong Titans 30 Index
www.marketwatch.com -LONDON, Jun 5, 2012 (GlobeNewswire via COMTEX) --
Dow Jones Indexes, a leading global index provider, today announced that
Hong Kong's Alibaba.com Limited will be removed from the Dow Jones
Islamic Market China/Hong Kong Titans 30 Index due to its acquisition by
Alibaba Group Holding Limited.
Alibaba.com Limited will be replaced by
Senin, 04 Juni 2012
THAILAND - OPINION - Closing the gap: the next big step for Islamic banking
www.nationmultimedia.com - Fifteen years ago, Muslims wishing to take out a mortgage, use a
credit card or deposit money into a current account would have been hard
pushed to do so and stay compliant with Shariah law.
With few Islamic banks around - and a limited range of Shariah products
- banking as a Muslim invariably involved compromising either your
faith or your financial needs.
Today,
credit card or deposit money into a current account would have been hard
pushed to do so and stay compliant with Shariah law.
With few Islamic banks around - and a limited range of Shariah products
- banking as a Muslim invariably involved compromising either your
faith or your financial needs.
Today,
MALAYSIA - OPINION - Lost in translation ?
www.cpifinancial.com - It ought to be the Editor of Islamic Business & Finance’s
dream to be sent to Kuala Lumpur, a city whose space-age skyscrapers
house the institutions responsible for developing the world’s most
sophisticated Islamic finance market. However, as I walked its bustling
streets I soon learned that the wonders of Malaysia’s Islamic banking
industry have yet to translate down
dream to be sent to Kuala Lumpur, a city whose space-age skyscrapers
house the institutions responsible for developing the world’s most
sophisticated Islamic finance market. However, as I walked its bustling
streets I soon learned that the wonders of Malaysia’s Islamic banking
industry have yet to translate down
AUSTRALIA - FINANCE - The Australian News Opinion National Affairs Business Aus IT Higher Ed Media Sport Arts Life Magazines Careers Video Business News Opinion Companies Markets Wall Street Journal Economics Mining & Energy Wealth Aviation Financial Services Legal Property Top 50 Login Sign Up Search for: Stock Quotes: Markets Crescent unveils first sharia-compliant fund
www.theaustralian.com.au -MUSLIM Australians will be able to stash their cash with
today's launch of Crescent Wealth's first Islamic cash management trust,
which hopes to attract up to $100 million during the next few years.
Managing director Talal Yassine said he expected much of the
money to come from Australian mosques. "Islamic Australians and
institutions have had little
today's launch of Crescent Wealth's first Islamic cash management trust,
which hopes to attract up to $100 million during the next few years.
Managing director Talal Yassine said he expected much of the
money to come from Australian mosques. "Islamic Australians and
institutions have had little
INDONESIA - MICRO FINANCE - Bank Sampoerna Sahabat focus on pre-prosperous community
www.bisnis.com - JAKARTA:
PT Bank Friends of Sampoerna work on the microfinance market by
highlighting the potential of pre-prosperous community of the customers."We
still have a commercial product, but also serve the community in order
to pre-prosperous and capable of independent entrepreneurship," said
Indra W Supriadi, president & CEO of the bank, tonight.The word friend in the name of
PT Bank Friends of Sampoerna work on the microfinance market by
highlighting the potential of pre-prosperous community of the customers."We
still have a commercial product, but also serve the community in order
to pre-prosperous and capable of independent entrepreneurship," said
Indra W Supriadi, president & CEO of the bank, tonight.The word friend in the name of
INDONESIA - BANKING - Islamic Mutual Funds Offer Bukopin
WWW.REPUBLIKA.CO.ID,
JAKARTA - PT Manulife Asset Management Indonesia (MAMI) signed a
cooperation with PT Bank Danamon to market investment funds, one of
which is Manulife Sector Amanah Syariah.Islamic products will be marketed in 168 branches of Bank Danamon was appointed. The branch includes a branch of Islamic Bank Bukopin. "This
product is one of five products that we market at MAMI
JAKARTA - PT Manulife Asset Management Indonesia (MAMI) signed a
cooperation with PT Bank Danamon to market investment funds, one of
which is Manulife Sector Amanah Syariah.Islamic products will be marketed in 168 branches of Bank Danamon was appointed. The branch includes a branch of Islamic Bank Bukopin. "This
product is one of five products that we market at MAMI
MALAYSIA - OPINION - Islamic finance must finance its diversification
www.btimes.com.my - Islamic finance is usually described as an infant
market with domestic focus and supported by the government, hence, much
like a baby reliant upon it parents in a home environment of nutrition,
nurturing, and natural growth.
“To be competitive in the new world order, one has to think like an
immigrant, create like an artisan, work like a start-up and provide
market with domestic focus and supported by the government, hence, much
like a baby reliant upon it parents in a home environment of nutrition,
nurturing, and natural growth.
“To be competitive in the new world order, one has to think like an
immigrant, create like an artisan, work like a start-up and provide
INDONESIA - BANKING - Sharia banks’ assets up 50 percent in March
www.thejakarapost.com - JAKARTA: The total assets of Indonesia’s sharia banks increased by 50
percent to Rp 158.8 trillion (US$16.99 billion) as of March from Rp
101.2 trillion in the same period last year, according to a senior Bank
Indonesia official.Edy Setiadi, the director for sharia banking
at the central bank, said that the annual growth of the Islamic banks in
Indonesia averaged 40.2
percent to Rp 158.8 trillion (US$16.99 billion) as of March from Rp
101.2 trillion in the same period last year, according to a senior Bank
Indonesia official.Edy Setiadi, the director for sharia banking
at the central bank, said that the annual growth of the Islamic banks in
Indonesia averaged 40.2
INDONESIA - CAPITAL MARKETS - Indonesia to Sell Dollar-Denominated Sukuk Toward End of 2012
www.bisnis.com - JAKARTA: Indonesia will sell dollar- denominated sukuk toward the end of the year, according to Dahlan Siamat, director of Islamic financing at the debt management office, if it gets approval from the finance minister.
Siamat declined to disclose the size of the offer, saying in an interview in Jakarta today that “we have figures for the amount in the report we sent to the
Siamat declined to disclose the size of the offer, saying in an interview in Jakarta today that “we have figures for the amount in the report we sent to the
INDONESIA - BANKING - 2013, KSP Nasari Open Shariah branch
WWW.REPUBLIKA.CO.ID,
JAKARTA - Save Co-Borrow (KSP) Nasari have raised interest in operating
a business in the field of Shariah industry. Nasari KSP did an internal proceeding related to this opening up of sharia.Nasari KSP Director, Frans Meroga, utter KSP Nasari still discussing the sharia business model. "We are still discussing whether to open a bank KSP or sharia sharia," tuturnya to
JAKARTA - Save Co-Borrow (KSP) Nasari have raised interest in operating
a business in the field of Shariah industry. Nasari KSP did an internal proceeding related to this opening up of sharia.Nasari KSP Director, Frans Meroga, utter KSP Nasari still discussing the sharia business model. "We are still discussing whether to open a bank KSP or sharia sharia," tuturnya to
Minggu, 03 Juni 2012
WORLD - FINANCE - Barwa Bank offering three-year, capital protected Islamic notes
www.gulf-times.com - Barwa
Bank is offering a “unique” Shariah-compliant three-year capital
protected notes linked to the Turkey and Indonesia equity markets until
June 21.
“The Turkey Indonesia Equity Capital Protected Note is an investment
opportunity for investors seeking potentially higher returns with 100%
capital protection.
The growth is based on the performance of a selected basket
Bank is offering a “unique” Shariah-compliant three-year capital
protected notes linked to the Turkey and Indonesia equity markets until
June 21.
“The Turkey Indonesia Equity Capital Protected Note is an investment
opportunity for investors seeking potentially higher returns with 100%
capital protection.
The growth is based on the performance of a selected basket
Sabtu, 02 Juni 2012
INDONESIA - BANKING - QNB Bank Kesawan expand the market
www.kontan.co.id - JAKARTA. Arrival of new investors pushed QNB Bank Kesawan more aggressive expansion. Management set up an investment fund of Rp 150 billion to strengthen its business lines, and network marketing this year.Divisions, a total of Rp 80 billion to improve the quality of core banking system began in June. The rest, to build about 23 new branches.The new office, among others, in
INDONESIA - BANKING - Fitch: Indonesia Foreign Bank Ownership Double-Edged Sword
www.theindonesiatoday.com - Fresh banking capital will be needed to support the ongoing growth of the Indonesian economy, Fitch Ratings says.
The challenge in broad terms for the local regulator is to oversee
the management of the financial system's risks in such a way that it is
able to attract new capital to support this growth, while ensuring the
accumulation of risk does not
The challenge in broad terms for the local regulator is to oversee
the management of the financial system's risks in such a way that it is
able to attract new capital to support this growth, while ensuring the
accumulation of risk does not
THAILAND - HALAL - PM meets with Indonesian President for talks on bilateral cooperation
www.pattayamail.com - BANGKOK, 1 June 2012 - Prime Minister
Yingluck Shinawatra today held a meeting with Indonesian President
Susilo Bambang Yudhoyono on the sidelines of the World Economic Forum on
East Asia 2012.
The meeting is aimed at strengthening their bilateral cooperation on
agriculture and food exports, with an emphasis on the Halal food
industry. The premier has reiterated
Yingluck Shinawatra today held a meeting with Indonesian President
Susilo Bambang Yudhoyono on the sidelines of the World Economic Forum on
East Asia 2012.
The meeting is aimed at strengthening their bilateral cooperation on
agriculture and food exports, with an emphasis on the Halal food
industry. The premier has reiterated
INDONESIA - CAPITAL MARKETS - Bank Muamalat gears up for Islamic debt issue in third week of June
futures.tradingcharts.com - Indonesia-based Islamic Sharia-compliant lender PT Bank Muamalat is set
to place an IDR800bn (USD84.7m/EUR67.5m) sukuk in the third week of
June, The Jakarta Post reported on Tuesday.
The deal falls within the bank's strategy to beef up its financial
resources with IDR1.5trn capital. Bank Muamalat aims to reach the target
by raising the remaining IDR700bn by the
to place an IDR800bn (USD84.7m/EUR67.5m) sukuk in the third week of
June, The Jakarta Post reported on Tuesday.
The deal falls within the bank's strategy to beef up its financial
resources with IDR1.5trn capital. Bank Muamalat aims to reach the target
by raising the remaining IDR700bn by the
INDONESIA - CAPITAL MARKETS - Bank Muamalat Readies for Rp 1.5t Islamic Bond Sale
www.thejakartaglobe.com -Bank Muamalat, the country’s top Islamic bank, plans to
sell Islamic bonds worth Rp 1.5 trillion ($159 million) over the next
two years to boost lending.
The Jakarta-based lender aims to
sell Rp 500 billion in July this year, it said in a brief prospectus
published in Bisnis Indonesia newspaper on Wednesday.
It will
offer the notes to investors on June 25-26,
Jumat, 01 Juni 2012
INDONESIA - EDUCATON - As Salaam drill SRB Rp 20 Billion for Education Funding
WWW.REPUBLIKA.CO.ID, JAKARTA - Sharia Rural Bank (SRB) As Salaam Islamic financing product relaunch of education. This product is offered to people who want their children to continue their studies to the next level. Early funding is intended for customers who have financial limitations in school and college finance their children. Offered ceiling of Rp 150 million. "We give the ceiling in
INDONESIA - REGULATIONS - Maybank, CIMB can breathe a sigh of relief
www.btimes.com.my - CLOSE CALL: Indonesia’s 40pc single ownership restriction to affect only new investors
IT looks like the country's top two banks, Malayan Banking Bhd (Maybank)
and CIMB Group, can heave a sigh of relief as they won't be subject to
Indonesia's proposed new rules on bank ownership.Reuters
reported late yesterday that the Indonesian central bank planned to
limit
IT looks like the country's top two banks, Malayan Banking Bhd (Maybank)
and CIMB Group, can heave a sigh of relief as they won't be subject to
Indonesia's proposed new rules on bank ownership.Reuters
reported late yesterday that the Indonesian central bank planned to
limit
INDONESIA - REGULATIONS - Indonesia Bank Ownership Plans Seen Hitting DBS Buy
www.thejakartaglobe.com -Indonesia’s central bank on Thursday
proposed capping single ownership in the country’s banks at 40 percent
for new investment, a rule that would scupper a $7.3 billion bid by
Singapore’s DBS Group Holdings for Bank Danamon.
Halim Alamsyah,
the central bank deputy governor responsible for banking supervision,
told analysts on a conference call that its proposal is
proposed capping single ownership in the country’s banks at 40 percent
for new investment, a rule that would scupper a $7.3 billion bid by
Singapore’s DBS Group Holdings for Bank Danamon.
Halim Alamsyah,
the central bank deputy governor responsible for banking supervision,
told analysts on a conference call that its proposal is
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