INDONESIA - FINANCE- After downpayment regulation, Multi Finance became backbone of Islamic finance

www.kontan.co.id - JAKARTA. After the enactment of the rules of deposit or down payment (DP) in multi-vehicle loans by 20% -25%, the finance company menggeber Islamic services. In fact, the main stronghold of Islamic finance business.

At PT Adira Multifinance (Adira Finance), has a new business unit of sharia (UUS) since mid-June 2012. Nevertheless, only a month to operate a direct channel of financing of about USD 20 billion in loans motorcycles and cars. "Now the new UUS concentrated in Greater Jakarta, but the future will be spread to other areas that could contribute 10% of the company's business," said Willy S. Dharma, Director of Adira Finance, yesterday.  (source)

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 Finance.
Head of CIMB Niaga Syariah Banking expressing U Saefudin Noer, respectively sequentially funding Rp 2 trillion, Rp 600 billion, Rp 450 billion, and Rp 190 billion.
"At first, financing consumption can only be done on sharia branch offices. However, now we have been able to channel the late mortgage center, office channeling, and also Multifinance, "said he at Financial Graha, Jakarta, Thursday (5/7).  (source)