MICRO FINANCE - Sharia financing firms to aid migrant workers

The Baitul Maal Wat-tamwil Association of sharia-based microfinancing institutions has signed a memorandum to give migrant workers microfinancing assistance.

Association chairman Aries Mufti signed a memorandum of understanding (MoU) with the National Agency for the Placement and Protection of Overseas Workers on Thursday. (full story)

MICRO FINANCE - EVENTS - Islamic Finance Expert will discuss the development of micro financing

Jakarta, (2/5). Informal discussion amongst shariah scholars is now more intense and today they will have a discussion in the development of micro financing at Hotel Sofyan, Jl Cut Mutia – Menteng  Jakarta Pusat , at around  18:00 WIB this evening.

Taufan Maulamin as the organizer said this meeting among the shariah expert, practioners and scholars are very actively done recently. (full story)

CAPITAL MARKETS - SUKUK - Absindo will issue its first Sukuk

Jakarta, (16/8). Based on investor demand, (Absindo) will issue its first sukuk. The chairman of Absindo, Aries Mufti confirmed that ABSINDO will issue sukuk with purpose to strengthen the working capital and networking of BMT which has been connected with Absindo.

“We perceived that sukuk is an effective instrument to raise funds in developing BMT: said Aries.