www.thejakartaglobe.com - Indonesia will let Shariah-compliant banks hedge against exchange-rate
movements to spur growth in Islamic financial assets and narrow the gap
with Malaysia’s industry, which is seven times larger.
Bank
Indonesia, the National Shariah Board and the Indonesia Institute of
Accountants have approved the instruments, available in Malaysia since
2006, Adiwarman Azwar Karim, Jakarta-based vice chairman of the board’s
Islamic capital market working committee, said in an Aug. 3 interview.
The central bank said it is working on regulations, declining to say
when they would be finished. (source)
Showing posts with label bank muamalat. Show all posts
Showing posts with label bank muamalat. Show all posts
Tuesday, August 07, 2012
Friday, July 20, 2012
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 Allianz Life 6300 people. Until late 6600 the number of agents targeted Islamic people.
Kiswiati Soeryoko, Chief of Sharia and Corporate Communications Officer of Allianz Life Indonesia confirms, the contribution of bancassurance also showed an increase. Throughout the first half, bancassurance contributes 9%. (source)
While the contribution of agency lines reached 89% of total premium Sharia. The number of agents certified Sharia Allianz Life 6300 people. Until late 6600 the number of agents targeted Islamic people.
Kiswiati Soeryoko, Chief of Sharia and Corporate Communications Officer of Allianz Life Indonesia confirms, the contribution of bancassurance also showed an increase. Throughout the first half, bancassurance contributes 9%. (source)
Thursday, July 05, 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 Tony Henri said in an interview in Jakarta last week. Akbar Syarief, fund manager at MNC Asset Management, overseeing the second-best performer, said his confidence in finding buyers is not matched by certainty there will be sufficient supply.
“Right now the concern is that when money comes in, there may not be securities to invest in,” Jakarta-based Syarief, whose MNC Dana Syariah vehicle returned 3.8 percent this year, said in a June 26 interview. “Corporate sukuk will always be in high demand.” (source)
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 Tony Henri said in an interview in Jakarta last week. Akbar Syarief, fund manager at MNC Asset Management, overseeing the second-best performer, said his confidence in finding buyers is not matched by certainty there will be sufficient supply.
“Right now the concern is that when money comes in, there may not be securities to invest in,” Jakarta-based Syarief, whose MNC Dana Syariah vehicle returned 3.8 percent this year, said in a June 26 interview. “Corporate sukuk will always be in high demand.” (source)
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 yet to receive any response to our proposal,” he said. (source)
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 yet to receive any response to our proposal,” he said. (source)
Tuesday, July 03, 2012
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 change in investment strategy undertaken by Kemenag in managing the fund, which is transferred to sukuk.
"Depreciation of Rp 1 trillion," he said on the sidelines of the Tour de Harau, Saturday (30/6). Remaining funds are deposited in Muamalat Kemenag now the only remaining Rp 500 billion. This withdrawal, said Adrian, has been made since last year. (source)
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 change in investment strategy undertaken by Kemenag in managing the fund, which is transferred to sukuk.
"Depreciation of Rp 1 trillion," he said on the sidelines of the Tour de Harau, Saturday (30/6). Remaining funds are deposited in Muamalat Kemenag now the only remaining Rp 500 billion. This withdrawal, said Adrian, has been made since last year. (source)
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 now is Rp 4.5 trillion.
Adrian said the upward momentum of this deposit may be used as well as to conduct cooperation with several developers. Some developers are in the process of cooperation with the Bank Muamalat is Alam Sutera, Ciputra, Metropolitan Realty. This cooperation is expected to increase mortgage financing Muamalat and achieve the set targets. (source)
"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 now is Rp 4.5 trillion.
Adrian said the upward momentum of this deposit may be used as well as to conduct cooperation with several developers. Some developers are in the process of cooperation with the Bank Muamalat is Alam Sutera, Ciputra, Metropolitan Realty. This cooperation is expected to increase mortgage financing Muamalat and achieve the set targets. (source)
Saturday, June 30, 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 target investment due to high competition with other investors.
"Because oversubscribed [excess demand] we miss just a little. Target of 100 billion we just be around Rp40 billion to Rp50 billion, "he said today Thursday (28/6). (source)
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 target investment due to high competition with other investors.
"Because oversubscribed [excess demand] we miss just a little. Target of 100 billion we just be around Rp40 billion to Rp50 billion, "he said today Thursday (28/6). (source)
Wednesday, June 27, 2012
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 be the first as part of Bank Muamalat’s long-term plan to raise Rp 1.5 trillion within two years, the lender said in a brief prospectus published in Investor Daily on Monday.
Indonesia is the world’s largest Muslim population country, with Muslims comprising 85 percent of its 240 million population. (source)
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 be the first as part of Bank Muamalat’s long-term plan to raise Rp 1.5 trillion within two years, the lender said in a brief prospectus published in Investor Daily on Monday.
Indonesia is the world’s largest Muslim population country, with Muslims comprising 85 percent of its 240 million population. (source)
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 that are small compared Muamalat domestic banking sector.
Fitch assess the weakness of government support for the bank could have a negative effect for rating Muamalat. Meanwhile, for the ranking of subordinated bonds, according to Fitch that could trigger a decline in lending was aggressive. Especially when affecting the asset quality deterioration and weakening of the capital. (source)
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 that are small compared Muamalat domestic banking sector.
Fitch assess the weakness of government support for the bank could have a negative effect for rating Muamalat. Meanwhile, for the ranking of subordinated bonds, according to Fitch that could trigger a decline in lending was aggressive. Especially when affecting the asset quality deterioration and weakening of the capital. (source)
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 Indonesia. On the other hand, Fitch recognizes Muamalat assets is still relatively small compared to the domestic banking sector.
Until late last year, Bank Muamalat has 25 percent share of the total assets of Islamic banking. However, when compared to the total domestic industry (including conventional bank assets), only 1.1 percent. (source)
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. On the other hand, Fitch recognizes Muamalat assets is still relatively small compared to the domestic banking sector.
Until late last year, Bank Muamalat has 25 percent share of the total assets of Islamic banking. However, when compared to the total domestic industry (including conventional bank assets), only 1.1 percent. (source)
Tuesday, June 26, 2012
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 subdebt.
The offering is scheduled for June 26, 2012 while listing at stock exchange is set for July 2, 2012.
The proceeds of subdebt will be used for strengthening the capital and supporting the bank's syariah financing. (source)
The syariah subdebt will have tenor of 10 years. The Indonesian rating agency Pefindo has rated idA (sy) for the subdebt.
The offering is scheduled for June 26, 2012 while listing at stock exchange is set for July 2, 2012.
The proceeds of subdebt will be used for strengthening the capital and supporting the bank's syariah financing. (source)
Wednesday, June 20, 2012
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)
"Indonesia Sharia Bank Association already advises the OJK to participate in making policies that promote Islamic banking," said Andi, Wednesday (20/6). (source)
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 initial offer Rp500 billionThe
high demand is the reason for the company to increase the value of
emissions to Rp800 billion, or 60% higher than the supply."It
will be decided in the near future, but indications are we will take up
to Rp800 billion," he told Business, Monday, June 18, 2012. (source)
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 initial offer Rp500 billion.
The high demand is the reason for the company to increase the value of emissions to Rp800 billion, or 60% higher than the supply.
"It will be decided in the near future, but indications are we will take up to Rp800 billion," he told Business Today Monday (18/6). (source)
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 initial offer Rp500 billion.
The high demand is the reason for the company to increase the value of emissions to Rp800 billion, or 60% higher than the supply.
"It will be decided in the near future, but indications are we will take up to Rp800 billion," he told Business Today Monday (18/6). (source)
Friday, June 15, 2012
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 Rp20, 48 billion (6.2%), shares of Rp20 billion (6.06%), sukuk Rp7, 36 billion (2.23%), and deposits on call Rp3 billion (0.9%).
Pension fund investments recorded a net income Rp23, 14miliar, grew 11.03% from Rp20, 84 billion. (source)
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 Rp20, 48 billion (6.2%), shares of Rp20 billion (6.06%), sukuk Rp7, 36 billion (2.23%), and deposits on call Rp3 billion (0.9%).
Pension fund investments recorded a net income Rp23, 14miliar, grew 11.03% from Rp20, 84 billion. (source)
Wednesday, June 06, 2012
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. In the first period, the bank issues IDR 500.000.000.000 (IDR 500 billions) of the total amount of IDR 1.5 trillion to be issued in the next two years. (source)
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. In the first period, the bank issues IDR 500.000.000.000 (IDR 500 billions) of the total amount of IDR 1.5 trillion to be issued in the next two years. (source)
Saturday, June 02, 2012
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 first half of next year, the
paper said.
(source)
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, with a planned listing on the Indonesia Stock Exchange on July 2. It will sell the final Rp 1 trillion next year. (source)
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, with a planned listing on the Indonesia Stock Exchange on July 2. It will sell the final Rp 1 trillion next year. (source)
Thursday, May 31, 2012
INDONESIA - CAPITAL MARKETS - Sukuk Bank Muamalat yielding 9.5% -10.5%
www.kontan.co.id - JAKARTA. Sustainable Subordinated Sukuk Bank Muamalat Indonesia officially launched. Issuance of Sukuk rated A Pefindo this is the first stage with a value of Rp 500 billion with the results of 9.5% -10.5%.
"Sukuk has a term of 10 years with an option to buy in its fifth year," said the CEO of Bank Muamalat Arviyan Arifin, Wednesday (30/5) after the Public Expose Public Offering Sustainable Sukuk Bank Muamalat.
Sukuk is scheduled to be published in several stages with a total value of Rp 1.5 trillion. The initial offering period of the Subordinated Sukuk Mudharabah berakad is scheduled on May 30, 2012 - June 12, 2012. As for the public offering scheduled at 25 to 26 June 2012 with rationing on June 27, 2012. (source)
"Sukuk has a term of 10 years with an option to buy in its fifth year," said the CEO of Bank Muamalat Arviyan Arifin, Wednesday (30/5) after the Public Expose Public Offering Sustainable Sukuk Bank Muamalat.
Sukuk is scheduled to be published in several stages with a total value of Rp 1.5 trillion. The initial offering period of the Subordinated Sukuk Mudharabah berakad is scheduled on May 30, 2012 - June 12, 2012. As for the public offering scheduled at 25 to 26 June 2012 with rationing on June 27, 2012. (source)
INDONESIA - CAPITAL MARKETS - Bank Muamalat Open Option Right Issue
WWW.REPUBLIKA.CO.ID,
JAKARTA - Bank Muamalat will open a rights issue (the right to order
the new shares) if the share registration (listing) in Indonesia Stock
Exchange (BEI) conducted this year. This was done to increase the capital of the company.
Director of Bank Muamalat, Arviyan Arifin said it has two options in the plan the company shares on the stock registration. First, the Bank Muamalat who has become a public company only to register the shares on the stock. "But, it could be a rights issue to add capital," he said, Wednesday (30/5).
Choice for the corporate action will be determined from a study conducted a financial adviser (financial advisor). Arviyan said the study is still in the process. "We have not been able to picture what it later, because it all depends on the results of the study," he said. (source)
Director of Bank Muamalat, Arviyan Arifin said it has two options in the plan the company shares on the stock registration. First, the Bank Muamalat who has become a public company only to register the shares on the stock. "But, it could be a rights issue to add capital," he said, Wednesday (30/5).
Choice for the corporate action will be determined from a study conducted a financial adviser (financial advisor). Arviyan said the study is still in the process. "We have not been able to picture what it later, because it all depends on the results of the study," he said. (source)
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