INDONESIA - BANKING - Bank Muamalat launches international services

Jakarta (29 / 7) obsession to become one of the national banking system continues to be conducted by Bank Muamalat Indonesia (BMI). In addition to building core banking infrastructure sharia, BMI also showed a serious effort to boost its international business.

Director of International Banking and Financial Institution BMI, Farouk A. Alwyni product launches international services BMI in Jakarta (28 / 7), said international transaction volume and value increases with the increasing importance of the role of Indonesia in the global economy, BMI is ready to facilitate this activity by sharia. (source)

EDUCATION - Indonesia shares experience in Islamic banking

The training of economists and bankers from Russia on various aspects of Islamic banking began on June 13, 2011, in Jakarta, in the Islamic bank Bank Muamalat Indonesia (BMI).

On the first day of the training, BMI Head of International Relations department, Mr. Farouk Alvini, welcomed the Russian delegation and informed them of the recent performance of the bank. Particularly, he noted that BMI is the second largest Islamic bank in Indonesia with the asset growth of 30% per year. (source)

BANKING - Islamic Bankers Support International Standard of Islamic Banking Practice

Jakarta, (10/11). International Standard of Islamic Banking practice has been stated by the Director of syariah Directorate of Bank Indonesia which is in line with Islamic banker’s idea. It is imperative to have International standard for Islamic banking practice, which cater the competitiveness of our national banking with foreign banking system.