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)

INDONESIA - CAPITAL MARKETS - Muamalat’s sukuk to be launched in third week of June

www.thejakartapost.com - PT Bank Muamalat, one of the country’s major sharia banks, will issue Islamic bonds (sukuk) worth Rp 800 billion (US$84.8 million) in the third week of June.
Muamalat’s compliance and risk management director Andi Buchari told reporters on Monday he hoped the financial market would be bullish again later next month so that the new sukuk would be fully subscribed by investors.
“We are still confident about the market demand for our sukuk,” Buchari said, hoping that it could be priced with a yield of 9 percent. (source)

INDONESIA - LEASING - Semester II, Al Ijarah Muamalat Acquisition Completed

WWW.REPUBLIKA.CO.ID, JAKARTA - Bank Muamalat plans to complete the acquisition of Al Ijarah Indonesia Finance (Alif) in the second half. For the acquisition Muamalat spend about Rp 70 billion.

"Target is completed in the second half and it has been approved in general meeting of shareholders," said Director of Compliance and Risk Management of Bank Muamalat, Andi Buchori, the Office of Bank Muamalat, Monday (28/5). (source)

INDONESIA - CAPITAL MARKETS - Bank Muamalat ready to issue Sukuk Subdebt

WWW.REPUBLIKA.CO.ID, JAKARTA - Bank Muamalat plans to issue sukuk subdebt in June 2012. Publishing is able to absorb the funds targeted Rp 800 billion.

To start publishing, Bank Muamalat has appointed three managers of securities companies (underwriters), PT Bahana Securities, Mutual Funds, and the Indo Premier. '' Book buildingnya expected to be carried out in June,'' said Director of Compliance and Risk Management of Bank Muamalat, Andi Buchori, Wednesday (21/3). (source)

INDONESIA - BANKING - Central bank launches three scenarios of sharia bank growth

www.bisnis.com - JAKARTA: Bank Indonesia predicts three possible growth scenarios of sharia banks next year, referring to global economy and domestic conditions.

Those scenarios are pessimistic, moderate and optimistic, said Bank Indonesia Deputy Governor Halim Alamsyah.

“In the pessimistic growth we predict loans and third party funds increase by 55%, moderate by 63%, and optimistic by 79%,” he said Wednesday on the sidelines of 2012 Sharia Banking Outlook. (source)

INDONESIA - BANKING - Islamic Banking in droves to Attract Customers Via Social Networking

WWW.REPUBLIKA.CO.ID, JAKARTA - Social networking becomes a new medium for Islamic banks to promote banking products. A number of Islamic banks were aiming for customer additions of social networking users.
As BNI Syariah who use facebook and twitter for the socialization of the various aspects of business and products. According to the Director of BNI Syariah, Rizqullah, the use of media networks the question motivated many customers who can not be answered directly. "We use social media to build communities that can grow the business," she says, Thursday (26 / 1). (source)

INDONESIA - BANKING - Optimistic Muamalat Share-e Exceeds Rp 1 Trillion

REPUBLIKA.CO.ID, JAKARTA --- Muamalat targeting can raise funds from share savings-e $ 1 trillion at the end of this year. Achievements are supported by the growth of share-e gold card.
Director of Compliance and Risk Management Muamalat, Andi Buchori said the growth of share-e gold has exceeded 100 thousand cards within one year. This growth increased the number of share-e card owners that have penetrated more than 1 million holders. "We will continue to increase the share of e-gold to increase savings by increasing cooperation with other services such as merchant," he said on Friday (16/12).  (source)

INDONESIA - CAPITAL MARKETS - Bank Muamalat plans Subdebt Sukuk, IPO and listing on IDX 2012

REPUBLIKA.CO.ID, JAKARTA --- Muamalat plans public stock began trading on the stock after the General Meeting of Shareholders (AGM) in June 2012. Planned, 100 percent of public shares to be listed on the stock.
According to the Director of Bank Muamalat, Arvian Arifin, listing on the stock is one of the shareholders request. Later, the shares will be listed on stock exchanges are all public. "We try to explore, when listing all the public shares," he said on Monday (21/11).  (source)

INDONESIA - MUI - MUI Slaps Fatwas on Sale of Bank Notes, Fireworks

With Ramadan already into its second week, the Indonesian Council of Ulema has come out to declare two activities popular at this time of year forbidden: Paying to have money changed and the sale of fireworks.

Abdusshomad Buchori, head of the East Java chapter of the council, also known as the MUI, said the sale of small denominations or crisp new bank notes for profit was haram. (source)