INDONESIA - BANKING - BJB Syariah Riawan Amin : Islamic banks should Synergize with Parent

WWW.REPUBLIKA.CO.ID, JAKARTA - In order to develop properly, Islamic banks need a synergy with its parent company. This synergy can be done through infrastructure and third party funds."What we want now is how to spend the capital as soon as possible," said Managing Director of Bank Jabar Banten Sharia (BJBS), A Riawan Amin, after a speaker in the National Symposium on Gold-based monetary system in Jakarta, Thursday (14/6).Capital spending is meant to develop the bank's business. To be able to grow, its market share of Islamic banks are still small companies need the help of its parent. If no master host to host between conventional and Islamic companies, it is difficult for Islamic banks to increase market share. (source)

INDONESIA - BANKING - Maybank Islamic banking can spur national passion

www.bisnis.com - BANDUNG: The presence of the largest financial services group from Malaysia, Malayan Banking Berhad or Maybank, who is preparing to set up a home office base in Indonesia is believed to spur the development of Islamic banking passion grew more aggressive.
 Chairman of the National Sharia Council (DSN) Maruf Amin said the planned opening of the office because Indonesia has an open market of Islamic banking.
 "Indonesia has a Muslim population of the lot. It is a marketable, "he said in Bandung Islamic Finance events & Investment Summit (BIFIS), 2012, Tuesday (May 29).  (source)

INDONESIA - BANKING - GENERAL CHAIRMAN ASBISINDO: Yuslam strengthen human resources of Islamic banking

www.bisnis.com - JAKARTA: Yuslam Fauzi, President Director of PT Bank Syariah Mandiri, was elected as Chairman of the Sharia Bank Association of Indonesia (Asbisindo) in the period 2012-2015 in the National Conference V.

After elected, who was born August 28, 1959 stated there were five work focus Sharia Bank Association of Indonesia (Asbisindo) for 3 years. (source)

INDONESIA - BANKING - Proposed Bank Syariah funds discussed DSN-MUI

WWW.REPUBLIKA.CO.ID, JAKARTA - Bank Syariah Fund proposal or Profit Equalization Reserve (PER) is now the middle of the Shariah Council of the National Assembly discussed Ulama Indonesia (DSN-MUI). Evaluated the proposed use of funds essential to encourage a more competitive product syariah bank.

Chief DSN-MUI, Ma'ruf Amien acknowledged that the proposed use of funds do not have a fatwa. But, he admitted, sharia banks urged to immediately realize the proposed use of funds.

"We will discuss in terms of how the fatwa, what should be a fatwa or not. This month we discuss," he said on Thursday (16/2).  (source)

INDONESIA - BANKING - 2017, Islamic Banking Growing Market Doubles

WWW.TEMPO.CO, Jakarta - Business Islamic banks grew more rapidly for some time. Bank Indonesia estimate a market share of Islamic banks could grow 10 percent, or twice, and compete with conventional banks in five years. "This could be achieved if the rate of growth can we defend," said Deputy Governor of Bank Indonesia Halim Alamsyah when opening the 5th National Conference on Islamic Banking Bidakara Hotel, Wednesday, March 21, 2012.

Bank Indonesia recorded a total Islamic banking assets on average grew 40.5 percent in five years. Halim said, compared to conventional banking, Islamic banking industry grew twice. Currently a new Islamic bank controls 4 percent of the national banking market share, still below the target set by the central bank at 5 percent. "But I believe this target will be realized in the near future," he said.  (source)

INDONESIA - BANKING - Indonesia lures Mideast Shariah lenders

www.gulf-times.com - Indonesia’s Islamic finance industry is luring investment from Middle Eastern and European banks as regulator seeks to double Shariah-compliant assets to 10% of the total this decade.
Al Rajhi Bank, Saudi Arabia’s largest, is chasing investment banking business in Indonesia and may open branches “at the right time,” Mudassir Amray, the head of wholesale banking in Kuala Lumpur, said in a February 2 interview. Standard Chartered Saadiq will add more outlets, said Wasim Saifi, the Singapore-based global head of Islamic and consumer banking.
“We are on the lookout for any good Indonesian acquisition, if the price is right,” Mohamed Azahari Kamil, the Kuala Lumpur-based chief executive of Asian Finance Bank Bhd, the Malaysian unit of Qatar Islamic Bank, said in an interview on Monday. “We have to be quick as the Indonesian market is becoming more competitive.”  (source)

INDONESIA - BANKING - Jakarta Becomes Magnet of Shari`ah Assets

www.onislam.net - CAIRO – Taking a share of the booming Islamic finance industry, Indonesia is becoming a magnet of Shari`ah-compliant assets from all around the globe.

“We are on the lookout for any good Indonesian acquisition, if the price is right,” Mohamed Azahari Kamil, the Kuala Lumpur-based chief executive of Asian Finance Bank Bhd, the Malaysian unit of Qatar Islamic Bank, told the Gulf Times on Thursday, February 9. (source)

INDONESIA - BANKING - Indonesia lures Mideast Shariah lenders

www.gulftimes.com - Indonesia’s Islamic finance industry is luring investment from Middle Eastern and European banks as regulator seeks to double Shariah-compliant assets to 10% of the total this decade.
Al Rajhi Bank, Saudi Arabia’s largest, is chasing investment banking business in Indonesia and may open branches “at the right time,” Mudassir Amray, the head of wholesale banking in Kuala Lumpur, said in a February 2 interview. Standard Chartered Saadiq will add more outlets, said Wasim Saifi, the Singapore-based global head of Islamic and consumer banking.  (source)

INDONESIA - BANKING - Islamic banking offers a bright outlook in 2012

WWW.REPUBLIKA.CO.ID,  JAKARTA – Indonesian Islamic banking believes the increasing Indonesian debt to become investment grade will indirectly affect business performance in 2012. The ongoing of economic condition and the increase of middle class society are important supports to Islamic bank performance this year.

After Indonesian debt-grade improves to investment grade –as stated by Fitch Ratings and Moody’s Investor Service- the capital flow to Indonesia is believed to grow. The Director of Business in BNI Syariah, Bambang Widjanarko, said, those factors are the stimulus for Indonesian economic development.  (source)

INDONESIA - BANKING - Embraces Islamic Banking, Other Organizations Should Follow the Muhammadiyah

Jakarta (27/12) - Indonesia Sharia Bank Association (ASBISINDO) welcomed the positive cooperation with 7 Muhammadiyah Islamic banks. As is known on December 15, 2011, PP Muhammadiyah took seven Islamic banks, for cooperation in terms of cash management. 7 The Islamic Bank is Bank Danamon Sharia, Islamic Bank Bukopin, Bank Muamalat, Syariah Mandiri, BRI Syariah, BNI Syariah, and BTN Sharia.

 "The decision of this cooperation on the basis of the guidance and alignments of the Muhammadiyah Islamic banking," said Chairman ASBISINDO, A Riawan Amin told a news conference at the House of Muhammadiyah Jakarta, Tuesday (27/12). (source)

INDONESIA - REGULATIONS - DSN-MUI: OJK Do Until bebani Islamic Finance Industry

Jakarta (21/12) - The operational costs to run the Financial Services Authority (OJK) will be taken from the State Budget Expenditure (Budget) and the contribution of each financial institution being audited, including at dalamanya Islamic financial institutions.

  "Islamic finance industry is still small it has not been able to be a burden, seharusmya given incentives. So it's better budget for the OJK first state budget and financial institutions are able to provide tuition, "said Chairman of the National Sharia Board-Council of Ulama Indonesia (DSN-MUI), KH Ma'aruf Amin when found in the OJK seminar at the Ministry of Finance, Jakarta, Tuesday (21/12).  (source)

INDONESIA - REGULATIONS - Walking OJK, DSN-MUI Ready coordinate

Jakarta (21/12)-The establishment of the Financial Services Authority (OJK) will be a new era of financial sector supervision in Indonesia. OJK will hold full control over all aspects of financial institutions are no exception based on sharia. So overall, Islamic financial institutions will be supervised by the OJK and the National Sharia Council, Council of Ulama Indonesia (DSN-MUI) through the Sharia Supervisory Board.

Chairman of the DSN-MUI, KH Ma'aruf Amin said the company is currently in talks with regulators from the Bapepam-LK and Bank Indonesia (BI). This is an effort so that later when OJK already running then there is coordination with the DSN-MUI.  (source)

INDONESIA - FINANCE - DSN-MUI Urges Government In Place All Funds Hajj Islamic Instruments

Jakarta (12/12) - After the seventh astral conjunction Sanawi on 4-6 December 2011, the National Sharia Board-Council of Ulama Indonesia (DSN-MUI) produces a variety of recommendations related to developing a Islamic Financial Institutions (LKS). Dana Hajj became one focus of the recommendations.

DSN-MUI urged the House of Representatives and the Ministry of Religious Affairs to accommodate Islamic principles in the Bill (the Bill) Fund Management Hajj, pilgrimage and place funds in Islamic Banking.  (source)

INDONESIA - BANKING - Indonesia Islamic Finance Industry, Regulation (Riawan Amin)

Dec. 2 (Bloomberg) -- Riawan Amin, chairman of the Jakarta-based Indonesia Shariah Bank Association, which represents the country’s Islamic bankers, talks about the growth outlook for the country's Islamic finance industry.¶ Amin spoke from Jakarta on Nov. 24 with Bloomberg Television's Haslinda Amin. (Source: Bloomberg) (source)

INDONESIA - BANKING - Want to Developing Islamic Bank, First Bank SOE Conversion

Jakarta (27/10) Although Islamic banking has a lot of standing, but for the Chairman Indonesia Sharia Bank Association (Asbisindo) A. Amin Riawan not feel satisfied. He sees growth in market share of Islamic banking is still the way place. To increase the market share necessary strategic step is to convert one state bank.

"The move I believe will accelerate the development," he says during the show "Islamic Banking Business Meeting Your Business Partner", in Cirebon last Tuesday, (25/10).  (source)

INDONESIA - BANKING - Government not optimal pushing for Islamic banking

REPUBLIKA.CO.ID, JAKARTA, is still considered minimal role of government in encouraging the growth of Islamic banking. Therefore, the growth of sharia banking in Indonesia is still slow.
During this time, the growth of Islamic banking still relies on a policy of Bank Indonesia (BI). In fact, merely controls the BI policy. Consequently, the development of Islamic banking have no impetus to increase.
"Paradigm BI is braked, the government's role is to be gas for the growth of Islamic banking does not exist," said Chairman Asosisasi Islamic Bank Indonesia (Asbisindo), A. Riawan Amin.  (source)

INDONESIA - GOLD - Ma'ruf Amin: Transactions Gold Can, Origin Do Speculation

REPUBLIKA.CO.ID, JAKARTA - National Sharia Council of Indonesian Ulama Council (MUI DSN) back gold is affirming that the transaction is a business that is allowed in Islamic banking. DSN MUI Chairman Ma'ruf Amin said it is set in a fatwa issued by the agency. "From the DSN, we had been given permission.

We'll give certification Golden Trader Indonesia Sharia (GDIS). Selling gold through Islamic banks should, as well as give a loan (mortgage), "he asserted when found on Saturday (17 / 9). (source)

INDONESIA - FIQH - The results of disadvantaged Mudharabah Fix For Sharia Banks?

REPUBLIKA.CO.ID, JAKARTA - The Indonesian Council of Islamic Ulema Council (MUI DSN) to assess the discourse of Bank Indonesia to apply for a stable outcome mudaraba in Islamic banking industry must be in agreement with the customer.

This is expressed DSN MUI Chairman Ma'ruf Amin, when found Republika, Saturday (17 / 9). "If anyone was detained, there must be an agreement with them to agree or not," he asserted. (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)

INDONESIA - CAPITAL MARKETS - DSN-BBJ Recommend Sharia Commodity

Jakarta, (9 / 8). National Sharia Council (DSN)-Indonesian Ulema Council (MUI) in Jakarta Futures Exchange (JFX) to socialize new syariah-based instruments commodity futures exchange, on Monday (8 / 8) in Jakarta. DSN himself has endorsed the fatwa number 82 on trading of commodities based on sharia principles, Friday (5 / 8) yesterday. (source)