INDONESIA - BANKING - Gold Pawn Islamic banks still shining

www.kontan.co.id - JAKARTA. After a three-month slide, gold pawn restriction rules taking effect for the Islamic banking industry. Bank with a portfolio of gold pawn is too high, posting a decline in financing during the first half of 2012. Meanwhile, a new Islamic bank in business, enjoying a fantastic surge in financing nan.
BRI Syariah, BNI Syariah, and Bank Syariah Mandiri, including a slowdown. In addition to their gold financing business was suspended, the three largest Islamic bank is also no longer jor-rod. According beleid BI, bank financing may only deliver a maximum of 20% gold of the total financing or a maximum of 150% of bank capital.  (source)

INDONESIA - BANKING - Pawn GOLD: Disbursement Danamon Syariah reach Rp154, 4 billion

www.bisnis.com - JAKARTA: The total disbursement of gold pawning business lines Sharia business unit of PT Bank Danamon Indonesia Tbk reached Rp154, 4 billion by June 2012 or grew 137% compared to the end of 2011 amounting to Rp65 billion.

Director of Islamic Banking Danamon said Herry Hykmanto surge financing through lines nisnis Gold Solution due to Danamon Syariah high demand by the public.

He describes the activities of the Islamic gold pawn is one solution for community groups who have difficulty accessing finance from banks.

"We will add branches to 150 branches from 141 in August held at this time. Branch will be scattered in Central Java, Bali, Batam and Tanjung Pinang," he said during a press conference today, Monday (07/23/2012).  (source)

INDONESIA - BANKING - Pawn Gold BNI Syariah Bukukan Rp250 M

WWW.REPUBLIKA.CO.ID, JAKARTA - Bank Negara Indonesia (BNI) Syariah chronicle gold mortgage financing to June of Rp250 billion. This amount is only half of the outstanding mortgage gold same period last year.
"Peak gold mortgage was in September last year," said Director of Business BNI Syariah, Imam T Saptono, last weekend. Outstanding mortgage gold September 2011 reached Rp750 billion.
Since releasing the order of Bank Indonesia at the end of February last few sharia bank gold mortgage financing declined. BNI Syariah acknowledge this funding is the lowest point in March 2012, ie Rp 220 billion.  (source)

INDONESIA - BANKING - SULSELBAR ISLAMIC BANK: profit pedal boot, launch pawn gold

www.bisnis.com - MAKASSAR: PT Bank Syariah Sulselbar Rahn product launch or Pawn Gold Blessing iB, to support improved profitability this year.Senior Analyst Group Sharia Bank Sulselbar Ikbal Kamal said the company is optimistic that the new product will contribute to the company's revenue."We can not disclose the amount because it is still early stage, and [launch] into the second half of 2012," he told Business Today, Tuesday, May 15, 2012. (source)

INDONESIA - BANKING - Gold Pawn Islamic banks fell 12%

www.kontan.co.id - BANDUNG. Settling gold pawn business have a significant impact to the Islamic bank. See, during the first quarter of 2012, gold-backed financing qardh down 12% compared to the position in December 2011 (year to date / ytd). Worth only Rp 11.4 trillion, from Rp 13 trillion previously.
This shrinkage was significant because in previous periods, or before the application of new rules, pledge gold to grow around 15% - 20% per quarter.
Bank Indonesia (BI) is a new rule issued by the end of February 2012. But revamping the standard operating procedure (SOP) pawning gold has been going on since September 2011. (source)

INDONESIA - BANKING - Muamalat not interested in gold pawn business

www.VIVAnews.com - In the midst of mortgage business that made gold the rapidly growing Islamic bank, Bank Muamalat just not interested in offering mortgage products gold. Director of Bank Muamalat, Arviyan Arifin, assess the gold pawning business more toward the speculative.
"We have no gold pawn. Reason is that hard to make a deal. We do not have that skill, because they want to actually run the Islamic banking principles," he said on the sidelines of the inauguration Arviyan 9 Muamalat new office in Palembang, Thursday, January 12, 2012.
Director of Retail Bank Muamalat, Adrian A Gunadi, adding, the product of gold pawning some speculative elements. This is a consideration, given the pledge of gold operations risks are quite high.  (source)

INDONESIA - BANKING - Bank Syariah Bukopin promotes Pawn Gold

WWW.REPUBLIKA.CO.ID, JAKARTA - When other Islamic banks are not too encouraging the growth of mortgage financing of gold, Bukopin Islamic Bank (BSB) actually made the pledge of gold as a superior product. Unfortunately Bukopin Syariah not been a permit from the Islamic Bank to promote this new product.

"We've been asking since last year," said Director of Bank Syariah Bukopin, Riyanto, told reporters on Thursday (26/4). Bukopin Syariah look forward to a permit this year so it can be disseminated to the customer.

Gold Pawn is a complementary product that is also an excellent product. Gold Pawn on Bukopin Sharia not merely because of the business, said Riyanto, but also as a form of Sharia Bukopin service to customers. (source)

INDONESIA - BANKING - Gold Pawn Contribute Largest Fee Income Based BSM

WWW.REPUBLIKA.CO.ID, JAKARTA - Pawning gold became the largest contributor to fee-based income for the Bank Syariah Mandiri last in 2011. BSM closed the year with a record Rp 2.2 trillion for the pledge of gold.

But since Bank Indonesia imposed rules, pawn gold in BSM fell by half. As of April pawn value of gold that was left was Rp 1.3 trillion. "BI Directives require banks that have mortgage products to finance a maximum of gold fell $ 250 million," said Director of Financing for Small Micro BSM, Hanawijaya, told reporters on Wednesday (18/4).  (source)

INDONESIA - BANKING -Gold Pawn on BRI Syariah Maximum Rp.250 million

WWW.REPUBLIKA.CO.ID, JAKARTA --- PT Bank BRISyariah reopen Pawn BRISyariah iB service products with the new system. With this new system, the maximum mortgage loan size of Rp. 250 million for a one-time contract.

In the gold pledge, borrow a maximum period of 120 days, but can be extended up to two times. With this service, Pawn BRISyariah iB back into products that provide the best solution in obtaining funds for a variety of cash and working capital needs with the fast, easy, secure and Shariah compliance. (source)

INDONESIA - REGULATIONS - BI Regulates Ownership of Precious Metal Business

www.indonesiafinancetoday.com - JAKARTA (IFT) –After regulating gold pawn practice using qardh scheme, Bank Indonesia will also issue a policy on precious metal practice using murabahah scheme to improve banks’ intermediary function. (source)

INDONESIA - REGULATIONS - New rules of the Sharia Bank Gold Pawn will End the Speculation?

WWW.REPUBLIKA.CO.ID, JAKARTA-Bank Indonesia (BI) issued a lien golden rule through a Circular Letter no 14/7/DpBs with effect from February 29, 2012. Rule is considered to close the access of speculators in gold pawning.

In regulation, the BI limit the extension of fiduciary gold at most twice. In addition, customers must have gold before pawning transactions. "That way, there is no speculation story," said Director of the Directorate of Islamic Banking BI, Mulya Effendi Siregar, Friday (2/3).  (source)

INDONESIA - PAWN BROKING - Performance at the Pawnshop Pawn Gold rocketed Sharia

WWW.REPUBLIKA.CO.ID, JAKARTA - The performance of gold in the mortgage finance Sharia Pawnshops on 2011meroket to 80 percent over the previous year. Predicted rise in the gold pledge to continue in the mid to late December 2012.

Of the total outstanding mortgage financing by December 2011, Rp 2.24 trillion, 95 percent is contributed by pawning gold. Mortgage financing of gold during January 2012 were up more than 5 percent compared to December 2011 which reached Rp 950 billion. (source)

INDONESIA - BANKING - The Customer is prohibited Pledge $ 250 Million More Gold

WWW.REPUBLIKA.CO.ID, JAKARTA - Bank Indonesia (BI) has finally set a ceiling of gold mortgage financing in Islamic banks. Provision will be published in the Circular Letter (SE).

"Ceiling (financing) to Rp 250 million, yes. Value up from Rp 100 million, "said Director of the Directorate of Islamic Banking BI, Mulya Effendi Siregar, Friday (17/2). (source)

INDONESIA - REGULATIONS - Pawn Gold New Version of Do not Break the Sharia

WWW.REPUBLIKA.CO.ID, JAKARTA - National Islamic Council of Indonesian Ulemas Council (DSN-MUI) warned the new version of the pledge of gold should pay attention to the growth of Islamic banks. This is because mortgage gold has supported the growth of Islamic banks.

"As long as it can grow and do not violate Islamic banking, why not. The important thing is to grow the bank, "said Chairman of the MUI DSN, Ma'ruf Amien, Tuesday (14/2).  (source)

INDONESIA - GOLD PAWN - BRI Syariah Revises Gold Pawn Portfolio

www.indonesiafinancetoday.com - BRI Syariah is targeting growth in financing of about 53 percent to Rp 14 trillion. (IFT/DINUL MUBAROK)

JAKARTA (IFT) - PT BRI Syariah will be revising the distribution of gold mortgage financing this year, according to bank directors. The company will divert the focus from consumer loans to small and medium enterprise and micro finance sectors. (source)

INDONESIA - GOLD PAWN - PKES asks BI not to rush into regulating gold pawn in Islamic banks

WWW.REPUBLIKA.CO.ID, JAKARTA --- Communications Center for Islamic Economics (PKES) has called on Bank Indonesia (BI) does not rush to regulate pawn gold in Islamic banks. Related studies considered the gold pawning transactions still need to be done.

Previously, the central bank will impose liens golden rules for Islamic banks begin this February. PKES Executive Director, Brotherhood Ridwan said there are many studies that have to do BI-related gold pawn in Islamic banks. Even if this policy needs to be postponed.

"Need to study this issue empirically, lest if done will impact on future issues," said the Brotherhood in a press release received by Reuters on Wednesday (25 / 1). (source)

INDONESIA - BANKING - Bank Muamalat not interested in Gold Pawn

REPUBLIKA.CO.ID, JAKARTA - The rise of gold pawn in Islamic banks do not make Muamalat interested in the business. The reason, operating costs and higher business risk.

Director of Bank Muamalat, Arviyan Arifin, said it's still the focus of business with existing products. "Until now we have no gold pawning. I think it would be hard pressed gold pawning transactions because we do not have expertise in the mortgage and the measurement value of gold," he said on Friday (13 / 1).  (source)

INDONESIA - BANKING - Two Islamic Banks Limit Gold Pawning

JAKARTA (IFT) – PT Bank Syariah Mandiri, a subsidiary of PT Bank Mandiri Tbk (BMRI) and PT Bank Mega Syariah, a subsidiary of PT Bank Mega Tbk (MEGA)will limit the portion of the distribution of gold pawning to a maximum of 10 percent of the total financing provided by companies, according to bank officials. Currently, the management of both banks holds a study with Bank Indonesia on gold mortgage risk management, among others the portion of loan to value (LTV) and the mortgage term.(source)

INDONESIA - PAWN BROKING - Bank Syariah Mandiri Businesses Pawn Gold Freeze

Jakarta - PT Bank Syariah Mandiri (BSM) has suspended the service while pawning his gold. Subsidiary of Bank Mandiri is no objection to the plan of Bank Indonesia (BI) to regulate the mortgage financing of gold.
"We support a plan to reorganize BI pawn gold. But financing-related restrictions, which I know BI has not been limited," said the Director of BSM Hanawijaya in Building Coordinating Minister for Economy, Bull Field, Jakarta, Tuesday (01/10/2012). (source)

INDONESIA - BANKING - Islamic Banks Switch Gold Pawning to Consumer, Micro Financing

JAKARTA (IFT) - Islamic banks plan to switch the gold pawn business portfolio to retail consumption financing and microfinance, according to Islamic banker. This strategy is to anticipate the decline in gold pawning business, post-imposition of the new sharia regulation from Bank Indonesia. (source)