INDONESIA - CAPITAL MARKETS - Bank Muamalat issues sukuk mudharabah worth Rp500 bln

www.antaranews.com - Jakarta (ANTARA News) - Islamic lender Bank Muamalat on Wednesday announced the issuance of sukuk mudharabah (profit-sharing bonds) worth Rp500 billion as the first phase of its plan to issue subordinated sukuk (sharia bonds) worth Rp1.5 trillion.

"This is the first phase of the issuance of all of our subordinated sukuk, totalling Rp1.5 trillion," Bank Muamalat President Director Arviyan Arifin said here.

"The indicative yield of sukuk mudharabah is 9.5 to 10.5 percent," he added.  (source)

INDONESIA - BANKING - BSM posts net profit of rp193 bln in Q1

www.antaranews.com - Jakarta (ANTARA News) - Bank Syariah Mandiri (BSM), a sharia unit of Indonesia`s largest state lender Bank Mandiri, posted a net profit of Rp192.72 billion in the first quarter of 2012, up by 42.87 percent from a year earlier.

"The net profit hike was mainly contributed by margin income and profit sharing," the bank said in a press statement released here on Tuesday.

The bank`s margin income and profit sharing rose by 24.76 percent to Rp1.07 trillion in the year ended March 31, 2012 from Rp860 billion a year earlier, the statement said. (source)

ECONOMY - Bank Muamalat : RI to have good economic growth in 2012

Jakarta, May 10 (ANTARA) - PT Bank Muamalat`s director for finance affairs Hendiarto has predicted that Indonesia`s economic growth in 2012 would remain good as foreign players would continue to make investment in the domestic market.

"We are optimistic that Indonesia is still an attractive place for foreign investment. Moreover, the interest benchmark remains high," he said here on Monday. (full story)

CAPITAL MARKETS - SUKUK - Govt to sell sharia bonds worth Rp500 bln April 26

Jakarta (ANTARA News) - The government plans to sell state sharia bonds (sukuk) worth Rp500 billion in an auction on April 26 to meet part of financing target in the 2011 state budget.

The sharia bonds up for the auction will be series IFR0005, IFR0007, IFR0006, and IFR0010, all of them the reopening of existing issues, Director General of Debt Management at the Finance Ministry Rahmat Waluyanto said in a statement on Thursday. (full story)

MEDIA - Syariah banking getting little support from mass media

Pekanbaru, Riau (ANTARA News) - The mass media has been giving little support to the development of syariah banking in Indonesia although the financial system has proven its ability to survive amid the world crisis, ANTARA News Agency chief Ahmad Mukhlis Yusuf said here Monday. (full story)

BANKING - Shariah bank assets grow 47 percent

Jakarta (ANTARA News) - Indonesia`s shariah banks` assets grew 47 percent in 2010 reaching Rp100.26 trillion.

"Their assets that have surpassed Rp100 trillion serve as the starting point for development of shariah banks with their total customers already reaching six million and employees around 20,000," the director of Bank Indonesia`s Directorate of Shariah Banking, Mulya Siregar, said here on Friday. (source)