www.todayonline.com - Singapore is challenging established wealth centres more fiercely than
anywhere else in Asia, according to UBS bank and Campden Research. Yet,
in Islamic banking, it lags behind. Even though Singapore
has had Islamic banking since 1995 and there are investments such as the
NTUC Income Takaful Fund, banks generally offer only a few choices such
as savings and
Selasa, 31 Juli 2012
INDONESIA - FASHION - Indonesia Set to Become Islamic Fashion Capital by 2020
www.thejakartaglobe.com - The Industry Ministry is hoping to turn Indonesia into an Islamic
fashion capital by 2020, and is looking to Europe as its main export
market in the future.Euis Saedah, the The Industry Ministry’s
director general for small- and medium-scale industries said on Tuesday
that Islamic clothing made by Indonesian designers has garnered
widespread enthusiasm, citing an
fashion capital by 2020, and is looking to Europe as its main export
market in the future.Euis Saedah, the The Industry Ministry’s
director general for small- and medium-scale industries said on Tuesday
that Islamic clothing made by Indonesian designers has garnered
widespread enthusiasm, citing an
MALAYSIA - CAPITAL MARKETS - First Resources Issues RM600 Million Islamic Notes
www.theindonesiatoday.com -SINGAPORE (Indonesia Today) - First Resources
Limited, a company controlled by Indonesian family of Ciliandra
Fangiono, has issued RM600 million of Islamic medium term notes (IMTN).
The IMTN issued Tuesday, July 31, 2012 is part of the RM2 billion Ringgit-denominated Islamic medium term note program of First Resources.
The IMTNs have a tenor of five (5) years and will
Limited, a company controlled by Indonesian family of Ciliandra
Fangiono, has issued RM600 million of Islamic medium term notes (IMTN).
The IMTN issued Tuesday, July 31, 2012 is part of the RM2 billion Ringgit-denominated Islamic medium term note program of First Resources.
The IMTNs have a tenor of five (5) years and will
INDONESIA - BANKING - BNI Syariah Distributes Funding Rp5, 86 Trillion
www.bisnis.com - SURABAYA: PT Bank BNI Syariah post the disbursement of funding 31% increase during the first half of 2012 which became Rp5, 866 trillion.Director of Operations and Financial said BNI Syariah Junaidi Hisom third-party fund-raising achievement also increased from Rp 5 that is, 31 trillion at the end of 2011 to Rp 7, 25 trillion as of June 2012. According to him, to switch to public
INDONESIA - TAKAFUL - Syariah Mandiri Axa underwriting surplus of USD 3 M
www.kontan.co.id - JAKARTA. PT
AXA Mandiri Financial Services (AXA Mandiri) recorded a surplus
underwriting Takaful fund of Rp 3.068 billion at the end of 2011 then. Underwriting surplus funds derived from the contributions of participants in a fund managed by AXA Mandiri tabarru."Funds AXA Mandiri tabarru 2011 shows a fairly good growth so that we can record underwriting surplus at the end of
AXA Mandiri Financial Services (AXA Mandiri) recorded a surplus
underwriting Takaful fund of Rp 3.068 billion at the end of 2011 then. Underwriting surplus funds derived from the contributions of participants in a fund managed by AXA Mandiri tabarru."Funds AXA Mandiri tabarru 2011 shows a fairly good growth so that we can record underwriting surplus at the end of
Senin, 30 Juli 2012
INDONESIA - BANKING - Syariah Bukopin degree CSR During Ramadan
WWW.REPUBLIKA.CO.ID,
JAKARTA - During Ramadan, PT Bank Syariah Bukopin (BSB) organizes
social activities of humanity in the program "corporate social
responsibility" (CSR) in all branches.CSR program is a benefit orphans, giving takjil in front of the BSB, donations to the mosque and dawn."Coinciding
in this holy month of Ramadan, as one of the CSR program, today we came
across Cijugjung,
JAKARTA - During Ramadan, PT Bank Syariah Bukopin (BSB) organizes
social activities of humanity in the program "corporate social
responsibility" (CSR) in all branches.CSR program is a benefit orphans, giving takjil in front of the BSB, donations to the mosque and dawn."Coinciding
in this holy month of Ramadan, as one of the CSR program, today we came
across Cijugjung,
WORLD - LIFESTYLE - Islamic Facebook Salamworld prepares to launch
www.todayszaman.com -In the world of social
media, Facebook has long been king, but one company says that the market
is ripe for a coup from an unprecedented contender: a social media
platform for Muslims, by Muslims.
Indeed, Facebook’s user numbers
have slumped of late. The website has been dropped by roughly 400,000
users in
media, Facebook has long been king, but one company says that the market
is ripe for a coup from an unprecedented contender: a social media
platform for Muslims, by Muslims.
Indeed, Facebook’s user numbers
have slumped of late. The website has been dropped by roughly 400,000
users in
Sabtu, 28 Juli 2012
INDONESIA - CAPITAL MARKETS - State Sukuk demand surged 64%
www.bisnis.com - JAKARTA: investor demand for securities in Islamic countries (SBSN) or a state known as sukuk was listed on the auction day Rp1, 99 trillion, up 64.25% from the previous auction is only Rp1, 22 trillion. Data Directorate General of Debt Management, Ministry of Finance says investors sukuk many countries pursue the tenor of 6 years to reach Rp731 billion PBS001. Furthermore,
Rabu, 25 Juli 2012
MALAYSIA - FINANCE - Malaysia's pension reform may boost Islamic funds
www.reuters.com - SYDNEY, July 23 (Reuters) - Malaysians will have more room
to allocate part of their retirement contributions to Islamic
investments under sweeping government reforms to the pension
system.
At present, the Employees Provident Fund (EPF) receives
public pension contributions and invests the money. Some of that
investment is in sharia-compliant areas such as sukuk and halal
stocks
to allocate part of their retirement contributions to Islamic
investments under sweeping government reforms to the pension
system.
At present, the Employees Provident Fund (EPF) receives
public pension contributions and invests the money. Some of that
investment is in sharia-compliant areas such as sukuk and halal
stocks
INDONESIA - BANKING - Bank Mega Syariah’s net profit jumps three folds on effective liquidity management
www.bisnis.com - JAKARTA: PT Bank Mega Syariah, a subsidiary of PT Bank Mega Tbk, earned
net profit of IDR119 billion in the period from January to June 2012,
increased more than three folds compared with the previous year of
IDR39.45 billion.
Beny Witjaksono, Managing Director of Bank Mega Syariah (BMS), said the
increase in profits sustained by the expansion of funding and effective
net profit of IDR119 billion in the period from January to June 2012,
increased more than three folds compared with the previous year of
IDR39.45 billion.
Beny Witjaksono, Managing Director of Bank Mega Syariah (BMS), said the
increase in profits sustained by the expansion of funding and effective
INDONESIA - BANKING - BRI Targets Brokerage in Expansion Push
www.thejakartaglobe.com - Bank Rakyat Indonesia, the second-largest lender by assets, is close to acquiring a local brokerage company. BRI,
which focuses its lending on small- and medium-size companies, has been
scouring the country’s financial markets for months to find the right
brokerage. It has narrowed the candidates down to two. “We have
to complete the acquisition this year,” BRI’s
which focuses its lending on small- and medium-size companies, has been
scouring the country’s financial markets for months to find the right
brokerage. It has narrowed the candidates down to two. “We have
to complete the acquisition this year,” BRI’s
INDONESIA - CAPITAL MARKETS - Absorb emerintah Only Auction Rp 460 billion of Sukuk State
www.ibpa.co.id - JAKARTA (IFT) - The Securities auction Sharia State (SBNS) or State Sukuk is not very attractive. The
government only won investor demand of Rp 460 billion from the total
amount of the bids amounting to Rp 1.9 trillion and won only one series
of government.One series was won by the government PBS004 tenor of 25 years with an average of 6.69%. Bond analysts said the government
government only won investor demand of Rp 460 billion from the total
amount of the bids amounting to Rp 1.9 trillion and won only one series
of government.One series was won by the government PBS004 tenor of 25 years with an average of 6.69%. Bond analysts said the government
INDONESIA - CAPITAL MARKETS - Auction Plan SBSN or Sukuk State On On July 24, 2012
www.ibpa.co.id- On Tuesday, July 24, 2012, the Government of Indonesia will conduct the Auction Sales State Sharia Securities (SBSN) or State project-based Sukuk (Sukuk Based Project) Series is PBS001 (reopening), PBS002 (reopening), PBS003 (reopening) and PBS004 (reopening). They will also be auctioned State Sukuk series SPN-S 25012013 (new issuance) to meet part of the national budget financing
INDONESIA - CAPITAL MARKETS - Sukuk investors want a high yield
www.ibpa.co.id - JAKARTA. The Government held a State Sharia Securities (SBSN), Tuesday (24/7) future. Of
the instrument auction, which is also popularly known as sukuk country,
the government is targeting the acquisition of funds worth Rp 500
billion.There are five series of project-based sukuk countries (project based sukuk) has to offer. Four series have been offered in previous auction,
the instrument auction, which is also popularly known as sukuk country,
the government is targeting the acquisition of funds worth Rp 500
billion.There are five series of project-based sukuk countries (project based sukuk) has to offer. Four series have been offered in previous auction,
INDONESIA - CAPITAL MARKETS - Result Sovereign Sukuk Auction July 24, 2012
www.bi.go.id - On this day, Tuesday, July 24, 2012, has conducted auctions State Sharia Securities (SBSN) or State Sukuk series SPN-S 25,012,013 (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 - Bank Syariah Mandiri Open 'Warung Mikro'
WWW.REPUBLIKA.CO.ID, KUPANG-Bank Syariah Mandiri Branch Kupang, East Nusa Tenggara open the program "Micro Shop" to provide loans for people managing small and medium enterprises with a limit of Rp 100 million to develop productive enterprises. "BSM Kupang Branch is also a bank that can help people who have small and medium enterprises by providing venture capital to business managers a clear and
Selasa, 24 Juli 2012
INDONESIA - BANKING - OJK Must Keep Developing Islamic Banking
www.investor.co.id - JAKARTA
- Economic Observer Indonesian Institute of Sciences (LIPI) Eko Agus
said the Financial Services Authority (OJK) as the new financial
industry oversight should try to improve the prudential aspects of the
Islamic banking business, while maintaining growth in the financial
industry."Currently
the number of Islamic banking is only about 20 to 30% of total national
- Economic Observer Indonesian Institute of Sciences (LIPI) Eko Agus
said the Financial Services Authority (OJK) as the new financial
industry oversight should try to improve the prudential aspects of the
Islamic banking business, while maintaining growth in the financial
industry."Currently
the number of Islamic banking is only about 20 to 30% of total national
INDONESIA - BANKING - Pawn GOLD: Disbursement Danamon Syariah reach Rp154, 4 billion
www.bisnis.com - JAKARTA: The total disbursement of gold pawning business lines Sharia business unit of PT Bank Danamon Indonesia Tbk reached Rp154, 4 billion by June 2012 or grew 137% compared to the end of 2011 amounting to Rp65 billion. Director of Islamic Banking Danamon said Herry Hykmanto surge financing through lines nisnis Gold Solution due to Danamon Syariah high demand by the public. He
INDONESIA - BANKING - 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 - Indonesia raises 460 bln rph in sukuk auction
www.reuters.com - (Reuters) - Indonesia
raised 460 billion rupiah ($48.65 million) from a sukuk auction on
Tuesday, lower than a target of 500 billion rupiah, the debt office
said.
The country only sold 25-year project-based sukuk at a
weighted average yield of 6.69 percent. There were no winning
bids for one-year sharia T-bills and six-year, 10-year as well
as 15-year project-based sukuk. (
raised 460 billion rupiah ($48.65 million) from a sukuk auction on
Tuesday, lower than a target of 500 billion rupiah, the debt office
said.
The country only sold 25-year project-based sukuk at a
weighted average yield of 6.69 percent. There were no winning
bids for one-year sharia T-bills and six-year, 10-year as well
as 15-year project-based sukuk. (
INDONESIA - FINANCE - Indonesian Govt to Put Idle Hajj Funds in Development Bonds
www.thejakartaglobe.com - The government plans to reallocate dormant hajj funds from the Finance
Ministry into project-based sukuk in order to help raise money for
urgently needed infrastructure development. Project-based sukuk are Shariah-compliant government bonds backed by infrastructure projects. “Now
[the money] is merely entrusted to the Finance Ministry. But it would
be better if it
Ministry into project-based sukuk in order to help raise money for
urgently needed infrastructure development. Project-based sukuk are Shariah-compliant government bonds backed by infrastructure projects. “Now
[the money] is merely entrusted to the Finance Ministry. But it would
be better if it
INDONESIA - REGULATIONS - Bank Indonesia’s Ownership Rule May Speed Up Mergers
www.thejakartaglobe.com - Fitch Ratings says the central bank’s new rule on bank ownership will
likely expedite banking consolidations but will pose challenges for
smaller lenders.
A day after Bank Indonesia announced its new
rule to cap the ownership of banks to 40 percent from 99 percent, Fitch
said in a report on Thursday that “the risk of failing to maintain the
Bank Indonesia criteria
likely expedite banking consolidations but will pose challenges for
smaller lenders.
A day after Bank Indonesia announced its new
rule to cap the ownership of banks to 40 percent from 99 percent, Fitch
said in a report on Thursday that “the risk of failing to maintain the
Bank Indonesia criteria
Jumat, 20 Juli 2012
INDONESIA - BANKING - CIMB NIAGA SYARIAH Padang sued for Rp 2 billion damages
www.bisnis.com - PADANG:
Bank CIMB Niaga Syariah Pondok branch, city of Padang in West Sumatra
are required to pay compensation in the form immateril 2 billion by the
customers.
Rosman
M (49), Eastern District of Rawang residents of South Padang, Padang,
put these demands (in the form of reports) to the Consumer Dispute
Settlement Body (BPSK) Padang.
Reports
of consumer complaints
Bank CIMB Niaga Syariah Pondok branch, city of Padang in West Sumatra
are required to pay compensation in the form immateril 2 billion by the
customers.
Rosman
M (49), Eastern District of Rawang residents of South Padang, Padang,
put these demands (in the form of reports) to the Consumer Dispute
Settlement Body (BPSK) Padang.
Reports
of consumer complaints
INDONESIA - TAKAFUL - Allianz Life achieved a lot of premium Sharia
www.kontan.co.id - JAKARTA. Sharia (UUS) PT Allianz Life Indonesia continued to record good performance over time. The
transistor feat Armed with that, management also plans to become a
legal entity separate UUS itself (spin off) in order to loose the
business space.Throughout
the first half of 2012, Allianz Life Syariah collect Rp 269 billion in
gross premiums, grew 44% from the same period
transistor feat Armed with that, management also plans to become a
legal entity separate UUS itself (spin off) in order to loose the
business space.Throughout
the first half of 2012, Allianz Life Syariah collect Rp 269 billion in
gross premiums, grew 44% from the same period
INDONESIA - BANKING - Bank Danamon shariah unit to inject capital
www.kontan.co.id - JAKARTA. Bank
Danamon Indonesia will increase its capital to Danamon Syariah worth Rp
344 billion, so that at the end of 2012 the total capital increased to
Rp 500 billion. This cash infusion to maintain a capital adequacy ratio or capital adequacy ratio (CAR) at position 12%.Danamon Syariah this year targeting business growth of 30%. If no additional capital, the CAR at 12%
Danamon Indonesia will increase its capital to Danamon Syariah worth Rp
344 billion, so that at the end of 2012 the total capital increased to
Rp 500 billion. This cash infusion to maintain a capital adequacy ratio or capital adequacy ratio (CAR) at position 12%.Danamon Syariah this year targeting business growth of 30%. If no additional capital, the CAR at 12%
INDONESIA - BANKING - OJK Commissioners Officially Installed
www.theindonesiatoday.com - JAKARTA (Indonesia Today) - Supreme Court Chief Hatta Ali has sworn in nine commissioners of Financial Services Authority (OJK) Friday (July 20).
They are Muliaman Hadad as OJK chief, Anny Ratnawati as ex-officio from ministry of finance, and Halim Alamsyah as ex-officio commissioner from Bank Indonesia.
Muliaman Hadad was deputy governor of Bank Indonesia, while Anny
They are Muliaman Hadad as OJK chief, Anny Ratnawati as ex-officio from ministry of finance, and Halim Alamsyah as ex-officio commissioner from Bank Indonesia.
Muliaman Hadad was deputy governor of Bank Indonesia, while Anny
Kamis, 19 Juli 2012
INDONESIA - BANKING - BRI SHARIA Release Wrapped Insurance Savings
www.bisnis.com - JAKARTA: PT Bank BRI Syariah with PT Bringin Life Insurance Welfare issued saving products wrapped in insurance. The product is called Dream Savings BRISyariah iB is a personal term deposits with the system auto-debit payments each month with a fixed period of time. Director of Bank BRI Syariah Moch. Hadi Santoso said the product will be launched in August. "With this product,
INDONESIA - BANKING - Asia Islamic Banking Assets Grow 15 Percent per Year
WWW.REPUBLIKA.CO.ID, KUALA LUMPUR - Islamic Banking Assets showed geliatnya Asia last year. Estimated growth of sharia banking assets reached 15 percent per year for the next 10 years.It is inferred by the global body setting standards, which recorded growth of sharia banking in Asia.Based on data from the central bank, ownership of assets in Malaysia increased by 27 percent over the past year.
INDONESIA - TAKAFUL - Allianz Life premium income up 44% of Sharia
www.kontan.co.id - JAKARTA. During the first half of 2012, the performance of PT Allianz Life Syariah bright. This insurance company had a premium of Rp 269 billion or an increase of 44% over the same period last year. Nearly 97% of premium income derived from products unitlink. While the contribution of agency lines reached 89% of total premium Sharia. The number of agents certified Sharia
INDONESIA - REGULATIONS - Indonesia's new bank rules may not hit Maybank, CIMB
www.btimes.com.my - KUALA LUMPUR:Indonesia's central bank has
issued new rules limiting single ownership in domestic banks at 40 per
cent but allows exemptions that could let Malaysia's top two lenders
hold on to their controlling stakes in banks there.
Bank Indonesia, in a statement on Wednesday, said public-listed
financial institutions will be allowed to keep their current ownership
issued new rules limiting single ownership in domestic banks at 40 per
cent but allows exemptions that could let Malaysia's top two lenders
hold on to their controlling stakes in banks there.
Bank Indonesia, in a statement on Wednesday, said public-listed
financial institutions will be allowed to keep their current ownership
INDONESIA - REGULATONS - Indonesia’s New Bank Ownership Rules Leave Door Open for DBS Deal
www.thejakartaglobe.com - Jakarta/Singapore. Indonesia’s central
bank will cap single ownership of domestic banks at 40 percent under
new rules but allow exemptions that could pave the way for DBS Group’s
$7.2 billion bid for Bank Danamon to proceed.
The long-awaited
regulation announced on Wednesday is aimed at preventing lenders in the
fast-growing G20 country falling captive to single
bank will cap single ownership of domestic banks at 40 percent under
new rules but allow exemptions that could pave the way for DBS Group’s
$7.2 billion bid for Bank Danamon to proceed.
The long-awaited
regulation announced on Wednesday is aimed at preventing lenders in the
fast-growing G20 country falling captive to single
Rabu, 18 Juli 2012
INDONESIA - ARTICLE - The Shari’ah Service in Indonesia’s Conventional Banking System
www.businessislamica.com - Tony Hidayat - In Indonesia’s banking industry the size of Islamic banking is still
small. In January 2012, the assets of Indonesia’s banking industry
reached Rp 3,598 Trillion, while the assets of Islamic banking at the
same period only reached Rp 144 Trillion, or a share of only 4%.
One of the reasons behind this is the limited existence of an Islamic
banking
small. In January 2012, the assets of Indonesia’s banking industry
reached Rp 3,598 Trillion, while the assets of Islamic banking at the
same period only reached Rp 144 Trillion, or a share of only 4%.
One of the reasons behind this is the limited existence of an Islamic
banking
INDONESIA - IMF - Country report - Implementation of the IOSCO Objectives and Principles of Securities Regulation
Date:
July 18, 2012
Electronic Access:
INDONESIA - IDB - Islamic Development Bank approves $1 billion in projects across 20 countries
www.cpifinancial.net - The 284th meeting of the Board of Executive
Directors of the Islamic Development Bank, which convened at IDB
headquarters starting Sunday 16 July, under the chairmanship of Dr.
Ahmad Mohamed Ali, President, IDB Group, approved more than $ 1,158
million towards development projects financing for IDB member countries
and Muslim communities in non-member countries.
This
Directors of the Islamic Development Bank, which convened at IDB
headquarters starting Sunday 16 July, under the chairmanship of Dr.
Ahmad Mohamed Ali, President, IDB Group, approved more than $ 1,158
million towards development projects financing for IDB member countries
and Muslim communities in non-member countries.
This
INDONESIA - BANKING - Banks plan Shariah assets for Asian millionaires (StanChart - CIMB)
www.gulfnews.com - Kuala Lumpur/Hong Kong: Standard Chartered Plc will start Islamic
private banking services in Asia and CIMB Group Holdings Bhd. plans to
roll out new products for the wealthy as they target rich Muslims who
have limited investment options.
The UK’s second-largest lender by market value will offer
Shariah-compliant products tailored to meet the
private banking services in Asia and CIMB Group Holdings Bhd. plans to
roll out new products for the wealthy as they target rich Muslims who
have limited investment options.
The UK’s second-largest lender by market value will offer
Shariah-compliant products tailored to meet the
INDONESIA - BANKING - CIMB offers 1st Indonesian fixed returns
www.btimes.com.my - CIMB Group Holdings Ltd, Malaysia’s second-biggest Islamic bank, is
introducing Indonesia’s first Shariah-compliant fixed returns on
deposits, five years after their adoption in its home market.
PT
Bank CIMB Niaga Syariah, a unit of the Kuala Lumpur- based bank, started
offering the accounts to lenders on June 24 and plans to introduce them
for consumers, Badlisyah Abdul
introducing Indonesia’s first Shariah-compliant fixed returns on
deposits, five years after their adoption in its home market.
PT
Bank CIMB Niaga Syariah, a unit of the Kuala Lumpur- based bank, started
offering the accounts to lenders on June 24 and plans to introduce them
for consumers, Badlisyah Abdul
INDONESIA - CAPITAL MARKETS - BNI Securities Shariah Stock Transactions Volume Runway
www.investor.co.id - JAKARTA
- PT Bank Negara Indonesia (BNI) Securities expect volume growth of
Islamic capital market transactions based on transaction volume to
compensate for the reduction of conventional stocks are predicted to
decline 30 percent in 2012."We
are targeting growth in transaction volume by 20 percent share of
sharia in the year. BNI Securities expect the increase to cover
- PT Bank Negara Indonesia (BNI) Securities expect volume growth of
Islamic capital market transactions based on transaction volume to
compensate for the reduction of conventional stocks are predicted to
decline 30 percent in 2012."We
are targeting growth in transaction volume by 20 percent share of
sharia in the year. BNI Securities expect the increase to cover
INDONESIA - RATNGS - Moody’s Keeps Indonesian Outlook Stable
www.thejakartaglobe.com - Moody’s Investors Service has maintained a stable
outlook for Indonesia’s economy, citing the country’s reliable economic
growth and prudent debt management. The announcement appeared to be
welcomed by the market, which on Monday pushed up bond yields and set
the rupiah into stronger territory in Jakarta.
Moody’s analyst
Christian de Guzman said relatively strong
outlook for Indonesia’s economy, citing the country’s reliable economic
growth and prudent debt management. The announcement appeared to be
welcomed by the market, which on Monday pushed up bond yields and set
the rupiah into stronger territory in Jakarta.
Moody’s analyst
Christian de Guzman said relatively strong
INDONESIA - CAPITAL MARKETS - Government To Issue IDR42 Trilliion Bonds
www.bisnis.com - JAKARTA: The government projected the Government Bond issuance valued at
IDR42 trillion throughout semester II/2012 to cover state budget
deficit in 2012 which reached IDR190.8 trillion.
Ministry of Finance’s Debt Management Director General Rahmat Waluyanto
said the government bond issuance realization with front loading
strategy up to semester I/2012 has reached
IDR42 trillion throughout semester II/2012 to cover state budget
deficit in 2012 which reached IDR190.8 trillion.
Ministry of Finance’s Debt Management Director General Rahmat Waluyanto
said the government bond issuance realization with front loading
strategy up to semester I/2012 has reached
Selasa, 17 Juli 2012
INDONESIA - CAPITAL MARKETS - Indonesian aims to raise 500 bln rph in July 24 sukuk auction
www.reuters.com - (Reuters) - Indonesia aims to raise 500
billion rupiah ($52.91 million) in a sukuk auction on July 24,
the debt office said in a statement on Tuesday.
The finance ministry plans to offer 6-month sharia T-bills
and long terms project-based sukuk with maturities of 6-, 10-,
15- and 25-years. (source)
Indonesia failed to sell all the series offered in a sukuk
auction on July 10.
billion rupiah ($52.91 million) in a sukuk auction on July 24,
the debt office said in a statement on Tuesday.
The finance ministry plans to offer 6-month sharia T-bills
and long terms project-based sukuk with maturities of 6-, 10-,
15- and 25-years. (source)
Indonesia failed to sell all the series offered in a sukuk
auction on July 10.
Senin, 16 Juli 2012
INDONESIA - CAPITAL MARKETS - Results Sukuk Auction July 10
www.bi.go.id - On this day, Tuesday, July 10, 2012, has conducted auctions State Sharia Securities (SBSN) or State Sukuk series SPN-S 11,012,013 (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 - CAPITAL MARKETS - Auction July 10 : Sukuk investors are not Absorb Country Auction
www.ibpa.co.id - JAKARTA
(IFT) - The government does not win all the bids in the auction of
state securities or sukuk Islamic countries do Tuesday (10/7). Finance Ministry official said the government did not win because it offers investors demand in return (yield) is too high.The results of the sukuk auction held Tuesday, was the worst in 2012. Number of bids reached Rp 1.22 trillion from five
(IFT) - The government does not win all the bids in the auction of
state securities or sukuk Islamic countries do Tuesday (10/7). Finance Ministry official said the government did not win because it offers investors demand in return (yield) is too high.The results of the sukuk auction held Tuesday, was the worst in 2012. Number of bids reached Rp 1.22 trillion from five
MALAYSIA - OPINION - Ramadan wish list for Islamic finance
www.btimes.com.my - WHAT THE GOAL IS: The central issue is about the industry controlling its own destiny
“Behind every success is endeavour… behind endeavour, ability…
behind ability, knowledge… behind knowledge, a seeker ….” Unknown.
AS
THE blessed month of Ramadan arrives, here is my “seeking” list for
Islamic finance. It’s not about another voice asking when the
“Behind every success is endeavour… behind endeavour, ability…
behind ability, knowledge… behind knowledge, a seeker ….” Unknown.
AS
THE blessed month of Ramadan arrives, here is my “seeking” list for
Islamic finance. It’s not about another voice asking when the
Senin, 09 Juli 2012
INDONESIA - BANKING - Pawn Gold BNI Syariah Bukukan Rp250 M
WWW.REPUBLIKA.CO.ID, JAKARTA - Bank Negara Indonesia (BNI) Syariah chronicle gold mortgage financing to June of Rp250 billion. This amount is only half of the outstanding mortgage gold same period last year."Peak gold mortgage was in September last year," said Director of Business BNI Syariah, Imam T Saptono, last weekend. Outstanding mortgage gold September 2011 reached Rp750 billion.Since
Minggu, 08 Juli 2012
INDONESIA - CAPITAL MARKETS - Bondholders Laju Tanker Demand Specificity of Bapepam-LK
www.bisnis.com - JAKARTA: Holders of bonds and sukuk PT Berlian Laju Tanker is still waiting in an atmosphere of uncertainty following the shipping status of issuers that defaulted on a debt instrument in February.Yusuf, III/2007 Bond investors who represents one of superannuation funds, Bapepam LK asks firmness and the Ministry of Finance to take action against the issuer can not meet its
INDONESIA - FINANCE - BMT INDUSTRIES apex institutions need
www.bisnis.com - JAKARTA:
Perpetrators of sharia-based microfinance institution of Baitul Maal wa
Tamwil asked the government to set up as an apex institution regulatory
agencies and inspectors.Chairman
of the Association of Baitul Maal wa Tamwil Indonesia (ABSINDO) Aries
Muftie said with the apex, Baitul Maal wa Tamwil (BMT) are scattered in
the area could operate better."With
the apex,
Perpetrators of sharia-based microfinance institution of Baitul Maal wa
Tamwil asked the government to set up as an apex institution regulatory
agencies and inspectors.Chairman
of the Association of Baitul Maal wa Tamwil Indonesia (ABSINDO) Aries
Muftie said with the apex, Baitul Maal wa Tamwil (BMT) are scattered in
the area could operate better."With
the apex,
INDONESIA - BANKING - BNI Launches Shariah iB Hasanah Tunas
www.bisnis.com - JAKARTA: PT BNI Syariah launched iB Tunas Hasanah savings, savings products that target the segment of prospective customers under 17 years of age. Unlike the other children and youth savings, this product has been equipped with features such as e-banking ATM, SMS Banking and Internet Banking, so that in accordance with the development of today's young generation in the modern
INDONESIA - BANKING - Sharia financing will Reaches Rp15 Trillion 2012
www.investor.com.id - JAKARTA
- Islamic banking analyst estimate financing Adiwarman Karim Anwar
Islamic finance industry will increase to Rp15 trillion in 2012, because
the rules limit the application of the down payment (DP) of motor
vehicle loans for conventional financial industry."With
the presence of a motor vehicle loan payment for conventional banking,
the Islamic bank financing
- Islamic banking analyst estimate financing Adiwarman Karim Anwar
Islamic finance industry will increase to Rp15 trillion in 2012, because
the rules limit the application of the down payment (DP) of motor
vehicle loans for conventional financial industry."With
the presence of a motor vehicle loan payment for conventional banking,
the Islamic bank financing
INDONESIA - TAKAFUL - AAUI: DP Trigger Restrictions Growing Takaful
www.investor.co.id - JAKARTA
- Indonesian General Insurance Association (AAUI) rate, the application
of the restrictions on payment (down payment / DP) for motor vehicle
loans sparked growing Sharia-based insurance industry."At
the time of initial application of the restrictions on payment for
vehicles, vehicle financing affected. However, it pushes conventional
financing will switch to the
- Indonesian General Insurance Association (AAUI) rate, the application
of the restrictions on payment (down payment / DP) for motor vehicle
loans sparked growing Sharia-based insurance industry."At
the time of initial application of the restrictions on payment for
vehicles, vehicle financing affected. However, it pushes conventional
financing will switch to the
INDONESIA - FINANCE - CIMB Niaga Syariah channels 4 Multifinance Rp 3.24 T
www.investor.co.id - JAKARTA
- shariah business unit of PT Bank CIMB Niaga Tbk (CIMB Niaga Syariah)
provides working capital financing facilities Rp 3.24 trillion to four
Multifinance, use jack channeling financing industrial consumption. Fourth
Multifinance is PT CIMB Niaga Auto Finance, PT Federal International
Finance (FIF), PT Adira Finance Tbk Multi Dynamics, and PT Mandala Auto
- shariah business unit of PT Bank CIMB Niaga Tbk (CIMB Niaga Syariah)
provides working capital financing facilities Rp 3.24 trillion to four
Multifinance, use jack channeling financing industrial consumption. Fourth
Multifinance is PT CIMB Niaga Auto Finance, PT Federal International
Finance (FIF), PT Adira Finance Tbk Multi Dynamics, and PT Mandala Auto
INDONESIA - BANKING - Maybank Granted Further Six Months Extension for Sell-Down of BII Shares
www.theindonesiatoday.com -
KUALA LUMPUR, Indonesia Today
- Malayan Banking Berhad (Maybank) has been granted a further extension
of six months to fulfill the sell-down of Bank Internasional Indonesia
(BNII) shares.
Maybank informed Bursa Malaysia
Friday (July 6) that on 5 July 2012, the bank received an approval
letter dated 29 June 2012 from Badan Pengawas Pasar Modal dan Lembaga
KUALA LUMPUR, Indonesia Today
- Malayan Banking Berhad (Maybank) has been granted a further extension
of six months to fulfill the sell-down of Bank Internasional Indonesia
(BNII) shares.
Maybank informed Bursa Malaysia
Friday (July 6) that on 5 July 2012, the bank received an approval
letter dated 29 June 2012 from Badan Pengawas Pasar Modal dan Lembaga
INDONESIA - FINANCE - Statement at the Conclusion of the 2012 Article IV Consultation Mission to Indonesia
www.imf.org - Press Release No. 12/251 - July 6, 2012
Mr. Milan Zavadjil, Senior Resident Representative of the
International Monetary Fund (IMF) in Indonesia, released the following
statement today in Jakarta:
“An IMF mission led by Mr. Sanjaya Panth, Division Chief in the Asia
and Pacific Department, visited Jakarta during June 25-July 6, 2012 to
conduct the 2012 Article IV Consultation
Mr. Milan Zavadjil, Senior Resident Representative of the
International Monetary Fund (IMF) in Indonesia, released the following
statement today in Jakarta:
“An IMF mission led by Mr. Sanjaya Panth, Division Chief in the Asia
and Pacific Department, visited Jakarta during June 25-July 6, 2012 to
conduct the 2012 Article IV Consultation
Kamis, 05 Juli 2012
INDONESIA - CAPITAL MARKETS - Indonesia Company Sukuk Shortage Curbs Returns: Islamic Finance
www.thejakartaglobe.com - Indonesia’s three best-performing Islamic bond funds say a rebound in
corporate sukuk sales is failing to keep up with demand from investors
chasing higher returns as government yields decline. Insight
Investments Management’s top-ranked I-Hajj Syariah Fund wants to boost
company holdings from 80 percent if more securities become available,
President Director
corporate sukuk sales is failing to keep up with demand from investors
chasing higher returns as government yields decline. Insight
Investments Management’s top-ranked I-Hajj Syariah Fund wants to boost
company holdings from 80 percent if more securities become available,
President Director
INDONESIA - CAPITAL MARKETS - Indonesia aims to raise 500 bln rph in sukuk auction
www.reuters.com - (Reuters) - Indonesia aims to raise 500
billion rupiah ($53.30 million) in a sukuk auction on July 10
from the sales of sharia T-bills and project-based sukuk, the
finance ministry said on Tuesday. (source)
($1 = 9,380 rupiah)
(Reporting by Adriana Nina Kusuma)
Source: http://in.reuters.com/article/2012/07/03/indonesia-economy-sukuk-idINJ9E8FA00W20120703 - July 3, 2012
billion rupiah ($53.30 million) in a sukuk auction on July 10
from the sales of sharia T-bills and project-based sukuk, the
finance ministry said on Tuesday. (source)
($1 = 9,380 rupiah)
(Reporting by Adriana Nina Kusuma)
Source: http://in.reuters.com/article/2012/07/03/indonesia-economy-sukuk-idINJ9E8FA00W20120703 - July 3, 2012
INDONESIA - BANKING - BIMB awaits response from Indonesian bank
www.thestar.com.my -
KUALA LUMPUR: Bank Islam Malaysia Bhd (BIMB)is awaiting response from an Indonesian Islamic bank on its proposed offer to acquire 30% to 40% stake, said managing director Datuk Seri Zukri Samat.
Zukri said the proposed acquisition was part of BIMB’s move to expand its overseas operations.
“BIMB
has identified one bank and has indicated its offer to them but so far,
we have
KUALA LUMPUR: Bank Islam Malaysia Bhd (BIMB)is awaiting response from an Indonesian Islamic bank on its proposed offer to acquire 30% to 40% stake, said managing director Datuk Seri Zukri Samat.
Zukri said the proposed acquisition was part of BIMB’s move to expand its overseas operations.
“BIMB
has identified one bank and has indicated its offer to them but so far,
we have
INDONESIA - BANKING - CIMB Niaga Sharia books 61% growth in assets
www.bisnis.com - JAKARTA: PT Bank CIMB Niaga Tbk sharia business unit recorded an
aggressive growth by relying on a high increase in consumer financing.
According to Director of CIMB Niaga Commercial Banking & Sharia
Handoyo Soebali, the assets of its sharia business unit (UUS) reached
IDR5.7 trillion by the end of first half 2012 or 61% higher from IDR3.5
trillion a year earlier.
“The
aggressive growth by relying on a high increase in consumer financing.
According to Director of CIMB Niaga Commercial Banking & Sharia
Handoyo Soebali, the assets of its sharia business unit (UUS) reached
IDR5.7 trillion by the end of first half 2012 or 61% higher from IDR3.5
trillion a year earlier.
“The
INDONESIA - BANKING - CIMB Niaga Syariah consumer financing and multi-finance
www.bisnis.com - AKARTA: PT Bank CIMB Niaga Tbk (CIMB Niaga) through increased funding sharia business unit and multi-consumer. This
is done through the provision of working capital financing facilities
for a number of multi-partner program and the implementation of Sharia
Mortgage Fix Fix n.Director
of Commercial Banking and CIMB Niaga Syariah, Handoyo Soebali CIMB
Niaga Syariah convey
is done through the provision of working capital financing facilities
for a number of multi-partner program and the implementation of Sharia
Mortgage Fix Fix n.Director
of Commercial Banking and CIMB Niaga Syariah, Handoyo Soebali CIMB
Niaga Syariah convey
MALAYSIA - BANKING - Stanchart to make KL its Islamic banking hub
www.btimes.com.my - UPBEAT MOOD: Lender seeks to capitalise on Malaysia’s long-standing
experience and expertise in the sector
MALAYSIA'S efforts to become an international Islamic
finance centre have received a boost as the country's oldest bank, Standard
Chartered Bank, (StanChart) is making Kuala Lumpur its global hub for Islamic
consumer banking.
The bank's new global hub will be led by
INDONESIA - CAPITAL MARKETS - Adjustment DES listing Bapepam
www.bapepam.go.id - June 29, 2012
Decision No. Kep-362/BL/2012 dated June 29, 2012
Keputusan Nomor: Kep-362/BL/2012 tanggal 29 Juni 2012
Penetapan Saham PT Gading Development Tbk
Decision No. Kep-359/BL/2012 dated June 28, 2012
Keputusan Nomor: Kep-359/BL/2012 tanggal 28 Juni 2012
Penetapan Saham PT Tri Banyan Tirta Tbk
Decision No. Kep-351/BL/2012 dated June 27, 2012
Keputusan Nomor: Kep-351
Decision No. Kep-362/BL/2012 dated June 29, 2012
Keputusan Nomor: Kep-362/BL/2012 tanggal 29 Juni 2012
Penetapan Saham PT Gading Development Tbk
Decision No. Kep-359/BL/2012 dated June 28, 2012
Keputusan Nomor: Kep-359/BL/2012 tanggal 28 Juni 2012
Penetapan Saham PT Tri Banyan Tirta Tbk
Decision No. Kep-351/BL/2012 dated June 27, 2012
Keputusan Nomor: Kep-351
Senin, 02 Juli 2012
INDONESIA - FINANCE - After downpayment rule : Islamic finance companies broke
www.kontan.co.id - JAKARTA. Islamic
finance company's business concept of profit after finance ministers
enforcement of regulations (PMK) about the deposit or down payment (DP)
of motor vehicle loans at finance companies two weeks ago. Customer
loans are increasingly interested in taking a motor vehicle through a
scheme based on Islamic law, because the DP is more expensive than the
finance company's business concept of profit after finance ministers
enforcement of regulations (PMK) about the deposit or down payment (DP)
of motor vehicle loans at finance companies two weeks ago. Customer
loans are increasingly interested in taking a motor vehicle through a
scheme based on Islamic law, because the DP is more expensive than the
INDONESIA - CAPITAL MARKETS - Government plans Sukuk debt switch
www.ibpa.co.id - JAKARTA. The government wants to encourage increased liquidity Sharia Government Securities (SBSN) or sukuk country. After plans to form a primary dealership (PIDIS) or sukuk primary dealers, the government is now exploring the repurchase (buyback) sukuk debt switch mechanism or exchange. Director General of Debt Management, Ministry of Finance, Waluyanto, said it is reviewing
INDONESIA - BANKING - Already Muamalat DPK Depreciation Estimate
WWW.REPUBLIKA.CO.ID,
BUKITTINGGI - Withdrawal of funds by the Ministry of Religious Affairs
Haj Indonesia (Kemenag) more or less influence on bank performance,
especially Islamic banks. This makes Islamic banks seek other ways to cope with shrinking deposits.Director of Retail Bank Muamalat, Adrian A Gunadi, said the funds held in Bank Muamalat Kemenag did have a reduction. This is caused by a
BUKITTINGGI - Withdrawal of funds by the Ministry of Religious Affairs
Haj Indonesia (Kemenag) more or less influence on bank performance,
especially Islamic banks. This makes Islamic banks seek other ways to cope with shrinking deposits.Director of Retail Bank Muamalat, Adrian A Gunadi, said the funds held in Bank Muamalat Kemenag did have a reduction. This is caused by a
INDONESIA - BANKING - Asei open Sharia Business Unit
WWW.REPUBLIKA.CO.ID, JAKARTA - As a form of business expansion, PT Insurance Export Indonesia (Asei) open uniy Asei sharia efforts. Industry market share is still very large sharia be one reason Asei open shariah business unit.Industry growth currently dsungguh amazing sharia and sharia insurance business are assessed have a good future. Also
the opportunity product diversification efforts made
the opportunity product diversification efforts made
INDONESIA - BANKING - Mortgage Financing Muamalat Add $ 2 T
WWW.REPUBLIKA.CO.ID,
JAKARTA - Bank Muamalat take advantage of the momentum of high mortgage
payment in the conventional banking which has been set mid-June. Although since early last year in home financing Muamalat is constantly increasing."From January has gone up to Rp 1.5 trillion," said Director of Retail Bank Muamalat, Adrian A Gunadi, Monday (2/7). Muamalat mortgage financing position
JAKARTA - Bank Muamalat take advantage of the momentum of high mortgage
payment in the conventional banking which has been set mid-June. Although since early last year in home financing Muamalat is constantly increasing."From January has gone up to Rp 1.5 trillion," said Director of Retail Bank Muamalat, Adrian A Gunadi, Monday (2/7). Muamalat mortgage financing position
INDONESIA - FINANCE - Learn to Manage Funds Asbisindo Hajj from Malaysia
WWW.REPUBLIKA.CO.ID, JAKARTA - Indonesia Sharia Bank Association (Asbisindo) will have a meeting with bankers Malaysia. One issue to be discussed in this meeting is how Malaysian Islamic banks can manage the fund as a whole pilgrimage. Designed by Asbisindo meeting will take place in early July. in addition to talking about the potential of Islamic banking in each country, this meeting will also
INDONESIA - RATINGS - Pegadaian
www.pefindo.com -PEFINDO affirmed its “idAA+”
ratings of PT Pegadaian (Persero) (PPGD or the Company) and the
Company’s outstanding Bonds X, XI, XII and XIII, Shelf Registration Bond
I/2011 Phase I and Phase II/2012, as well as MTN II/2011. PEFINDO also
affirmed its “idAA+(sy)” rating for the Company’s MTN Ijarah I/2011. Outlook for the corporate rating is “stable”.
The ratings reflect
ratings of PT Pegadaian (Persero) (PPGD or the Company) and the
Company’s outstanding Bonds X, XI, XII and XIII, Shelf Registration Bond
I/2011 Phase I and Phase II/2012, as well as MTN II/2011. PEFINDO also
affirmed its “idAA+(sy)” rating for the Company’s MTN Ijarah I/2011. Outlook for the corporate rating is “stable”.
The ratings reflect
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