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)

INDONESIA - FINANCE - Federal Finance Islamic Finance Portfolio Surges 115.86%

JAKARTA (IFT) - PT Federal International Finance, a large-scale motorcycle financingsubsidiary of PT Astra International Tbk (ASII), saw a 115.86 percent surge in its Islamic finance portfolio to Rp 534.99 billion in January-July 2011 from Rp 247.84 billion year-on-year (YOY).  The growth was due to a rise in new vehicle portfolio volume. (source)