INDONESIA - BANKING - ISLAMIC BANK RULES This golden rule of financing in Islamic banks

www.kontan.co.id - JAKARTA. Bank Indonesia (BI) has given the green signal for Islamic banks to provide financing ownership of gold products (PKE) using a murabaha contract (sale and purchase in installments). However, some rules must be met in order not subject to sanctions when the product is running. What is it?
Rules contained in the SE Number 14/16/DPbS about PKE BI launched late last month said the Sharia Bank or Sharia (UUS), which will distribute the products PKE must obtain prior approval from the BI.
"Sharia Bank or UUS shall report the realization of products PKE spending a maximum of 10 days after issuance of the PKE product," as stated in the SE signed by Deputy Governor of the Bank Halim Alamasyah.  (source)

INDONESIA - BANKING - Bank Friends of Sampoerna Prepare Form UUS Syariah Rp 100 Billion

www.investor.co.id - JAKARTA - Sampoerna Companions Bank plans to inject capital to build a business unit of sharia (UUS) in 2012.

"We're in 2012 will be an injection of capital of about USD 100 billion in preparation for the establishment of Sharia," said Managing Director of Bank friend Michael W Supriadi Sampoerna after the news conference about the launch of the Friends of Sampoerna Bank in Jakarta, Wednesday.

This was done because in order to establish sharia unit, a bank is expected to provide separate payment for the procurement of capital or the growth of Islamic business units themselves.  (source)

INDONESIA - BANKING - Islamic banking : BI has not tightened the rules of the down payment home loans

www.bisnis.com - JAKARTA: Bank Indonesia will not tighten rules to ensure minimum down payment of housing finance in Islamic banking industry, because it has not seen indications of speculative investment.
 Eddy Setiadi, Director of Islamic Banking Bank Indonesia (BI), said the central bank still monitor the performance of housing finance in the industry before issuing a rule a minimum down payment of 30%, as had been first introduced in the conventional.
 "When viewed in the portion of Islamic bank financing is still relatively simple for the home. Value over the financing of small pieces. So we will not set the FTV [financing to value] that way, "he said today Friday, May 4, 2012.  (source)

INDONESIA - BANKING - BANK JATIM: brown Management plans to spin off a business unit of sharia

www.bisnis.com - JAKARTA: PT East Java Development Bank will finalize the concept of separation of business units sharia (UUS) is planned to be implemented in 2016.

Aviantono Hadhianto, Sharia Leaders of East Java Development Bank (Bank of East Java), said the company will complete construction blueprints road map splitting (spin off) UUS to invite four consultants.

"This year we will put up a road map to invite four consultants as a step in the preparation of blue print of the spin off," he said last week.  (source)

INDONESIA - BANKING - Ready for IPO, Bank of East Java Capital Unit Will Add Shariah

REPUBLIKA.CO.ID, JAKARTA - Bank of East Java plans to raise capital for a business unit of sharia (UUS) to $ 500 billion in stages.

The capital will be added after the Bank of East Java is able to absorb the funds through an Initial Public Offering (IPO) with the indicative target of Rp 1 trillion. (source)

INDONESIA - BANKING - Bank Indonesia hosts Seminar on Outlook for Islamic Banking in 2012

bank indonesia - No. 13/ 44 /PSHM/Humas

The Deputy Governor of Bank Indonesia, Halim Alamsyah, officially opened a yearend seminar on the outlook for Islamic banking with the theme "Capacity Building and Strengthening the Contribution of Islamic Banks to accelerate Economic Development," on Wednesday 14th December 2011 in Jakarta.

"Joint efforts to develop the Islamic banking market undertaken by Bank Indonesia in conjunction with industry players through the iB campaign expanded the market share of Islamic banks to ± 3.8% in October 2011, with a total of ± 8.6 million bank accounts and an office network in excess of 2,017 branches," Halim was quoted in his speech. (source)

INDONESIA - BANKING - Shadowed by the Global Crisis, Islamic Banking Growing

Jakarta (14/12) - Today the global economy, especially Europe and America, is still overshadowed by the crisis and economic slowdown. But conditions are not too concerned about Islamic banking in the country.

"The growth of Islamic banking will not be disrupted by the global crisis because eksporsur portfolio of assets in foreign currency associated with overseas and very little," said Deputy Bank Indonesia (BI), Halim Alamsyah in the "Outlook Seminar on Islamic Banking and Policy Direction" in Jakarta on Wednesday (14/12).  (source)

INDONESIA - BANKING - 2 It takes the Acceleration of Islamic Banking

Tangerang (1 / 12) - In developing Islamic banking in this country need to do acceleration. It was felt would give something positive for the development of Islamic banking.

According to the Chairman Indonesia Sharia Bank Association (ASBISINDO), A Riawan Amin at least there are 2 things to consider in the acceleration of Islamic banking. First, the Syariah Commercial Bank (BUS) and Sharia (UUS) must use the parent bank's infrastructure.

"So do not spend money or capital to build its own ATMs, branches themselves and others. It's expensive, we were little," he said on the sidelines of the Seminar and Conference 2012 Regional Employment Indonesia Sharia Bank Association (ASBISINDO) in Tangerang, Thursday (1 / 12).  (source)

INDONESIA - BANKING - Islamic Banking Deposits Grow 50%

JAKARTA - The number of third party funds (DPK) in a national Islamic banking until October 2011 was Rp 103.3 trillion. Deposits collected from about eight million customers are growing by 50% compared to same period last year which reached Rp 69 trillion.
Sharia Banking Director of Bank Indonesia (BI) Mulya Effendi Siregar said, Rp 101.6 trillion of Islamic banking deposits up to October 2011 were stored in banks sharia (BUS) and business unit sharia (UUS). While the remaining Rp 1.7 trillion in the bank financing Islamic people (SRB). (source)

INDONESIA - BANKING - BI: Sharia Banking Assets Rp 129 Trillion

JAKARTA - The total assets of Islamic banking to mid-November 2011 reached Rp 129 trillion, up from the end of 2008 amounting to Rp 49.6 trillion."The total assets of Islamic banking by September 2011 reached Rp 126.4 trillion, and data that I received this morning reached Rp 129 trillion," said Director of the Directorate of Islamic Banking BI, Mulya Siregar, said here on Wednesday.  (source)

INDONESIA - BANKING - Develop SDI, STIAMI Embraces Sharia Bank Sinarmas

pkesinteraktif.com - Jakarta (1 / 11) - Islamic Banking will need human resources (SDI) became a pressing need at this time. From the results of a survey conducted by various intansi, estimates up to 2014 Islamic banking requires approximately 9000 workers.On the other hand the need for SDI should also be balanced with the quality expected by Islamic banking. This means that the needs in quantity and quality of SDI into something important for the development of Islamic banking. (source)

INDONESIA - BANKING - Contributions Still Small, Danamon Syariah Defer Spin Off Unit

REPUBLIKA.CO.ID, JAKARTA --- Contribution Sharia (UUS) Bank Danamon to total assets that is still relatively little still about 1 percent. Therefore, Bank Danamon have not implemented the separation (spin off) UUS of the parent bank in 2012.

Assets of Bank Danamon UUS only around Rp 1.3 trillion. While the Bank's total assets reached Rp 136 trillion. "We'll just see the potential for spin off," said Director of Bank Danamon, Henry Ho, Tuesday (25/10).  (source)

INDONESIA - BANKING - Sharia banking industry sees 46.55% rise in assets

JAKARTA: Sharia-based banking industry in Indonesia had its total assets increase 46.55% at end-September from a year ago. Total assets grew to IDR126 trillion from IDR85.97 trillion at end of September 2010.

The figure consists of IDR123 trillion from full-fledged Sharia General Banks (BUS) and Sharia Business Units (UUS), IDR3 trillion from Sharia Credit Banks (BPRS), said Bank Indonesia Director Mulya Siregar.  (source)

INDONESIA - BANKING - Sharia banking industry sees 46.55% rise in assets

en.bisnis.com - JAKARTA: Sharia-based banking industry in Indonesia had its total assets increase 46.55% at end-September from a year ago. Total assets grew to IDR126 trillion from IDR85.97 trillion at end of September 2010.

The figure consists of IDR123 trillion from full-fledged Sharia General Banks (BUS) and Sharia Business Units (UUS), IDR3 trillion from Sharia Credit Banks (BPRS), said Bank Indonesia Director Mulya Siregar. (source)

INDONESIA - OPINION - Riawan : Growth of Islamic Banking Not to Solve Economic Problems

REPUBLIKA.CO.ID, JAKARTA - Chairman of the Association of Bank Syariah Indonesia (Asbisindo), A Riawan Amin, said the growth of a national Islamic banking has not solved the problem of the national economy.

"Growth in assets by 40 percent or 50 percent. If the growth was only 3 percent of the national banking market share, when to be an economic solution?" Riawan said to Reuters. (source)

INDONESIA - BANKING - Bank Dipo Cancel Converted So Islamic Bank

REPUBLIKA.CO.ID, JAKARTA - PT Bank Dipo International likely to void converted into Islamic banks. Sampoerna Group said Bank Dipo would only form a business unit of sharia (UUS) to enter this industry.

This is confirmed Director of Friends of Small and Medium Enterprises, micro finance institutions owned by Sampoerna, Indra W Supriadi. "We had been delivered to BI if we want to be a conventional bank, but it is also possible entry into the business via the UUS sharia," he said when met Republika. (source)

INDONESIA - BANKING - CIMB Niaga Shariah Mortgage Grows 80 Percent

REPUBLIKA.CO.ID, JAKARTA - Bank Niaga recorded significant growth in business loans (mortgage) sharia. Business financing this housing percentages recorded growth of 80 percent to Rp 400 billion in August 2011 from the previous position of about USD 200 billion.

According to the Head of Consumer Lending Bank Niaga, Laksmi Mustikaningrat, Sharia has become an alternative mortgage product you are looking for customers. "In fact, the increase in growth is better than conventional that only 20 percent," he said. (source)

INDONESIA - PAWN BROKING - Rp 150 Billion to Pawnshop as Working Capital, DKI Bank

BERITAJAKARTA.COM - As an effort to increase bank intermediation function, DKI Bank through Syariah Business Unit (UUS) distributes working capital funding as much as Rp 150 billion to Pawnshop with 12 months of period. The funding is distributed by skim al musyarakah executing. The cooperation signing of funding distribution is applied by Director of DKI Bank, Eko Budiwiyono and Director of Pawnshop, Suwhono in Jakarta, Tuesday (9/20).  (source)

INDONESIA - REGULATIONS - Will BI Revised Compliance Test and proper Islamic Banking

REPUBLIKA.CO.ID, JAKARTA - Bank Indonesia (BI) will soon revise the rules and proper test of the ability of Islamic banks. Director of the Directorate of Islamic Banking BI, Mulya Siregar, said the central bank would simplify the stages of the fit and proper test for Islamic bankers.

Although so far its provisions are different from the conventional, he said it would harmonize with the existing provisions in the conventional. "There used to be eight stages, now four," he said. (source)

INDONESIA - BANKING - Spin Off UUS to BUS Need Assessed

Jakarta (13 / 9). In the year 2010 - 2011 Lots of sharia banking Sharia-shaped (UUS) to spin off (mains broke away from the bank) to establish Sharia Commercial Banks (BUS) with reasons for wanting to promote Islamic banking and more independent in performing self-management. 

But from the beginning of a spin off that lovely teryata not as easy to do, there UUS successful in doing a spin off of it but some have oversized UUS in doing a spin off when the BUS. Observing this phenomenon, Chairman of the All-Indonesia Association of Islamic Banks (Asbisindo) Riawan Achmad Amin, said that the spin off of the Islamic banking BUS UUS be enforced as if it had happened so many new Islamic bank management is difficult to develop themselves. (source)