INDONESIA - BANKING - ISLAMIC BANK: Financing agricultural microenterprises no maximum

www.bisnis.com - JAKARTA: Interest in micro-businesses that utilize the funds KUM3 Muamalat to work on agriculture and livestock sector is low. This is related to government policies that do not support the two sectors.
"If agriculture, livestock and plantations would forward the development strategy should be changed. The government should provide incentives and price guarantees to help communities provide food needs from within their own country," said Arifin Arviyan, President Director of Bank Muamalat, today January 26, 2012.
Arviyan was deeply concerned with the circulation of vegetables, fruits, table salt to which all imported products whereas micro-enterprises in Indonesia can supply the needs of the country. (source)

INDONESIA - BANKING - Muamalat seek Rp24 trillion of funds under management

JAKARTA: PT Bank Muamalat Indonesia is targeting the acquisition of third party funds under management amounting to Rp24 trillion by the end of 2011.

This number increased by 26% compared to first half 2011 acquisition of deposits which reached Rp19 trillion.

"Our deposits as of June had Rp19 trillion. DPK year-end target of Rp24 trillion, "said President Director of Bank Muamalat Arviyan Arifin in Jakarta, today. (source)

INDONESIA - BANKING - Share sale delayed Bank Muamalat

REPUBLIKA.CO.ID, JAKARTA - Sales of shares of the country's oldest Islamic bank, PT Bank Muamalat Indonesia, was postponed until an undetermined time. According to Director of Muamalat, Arviyan Arifin, have not found an agreement on prices is one reason.

He confessed to the bank with a performance like Muamalat, the bank is indeed quite high. ''So, the possibility of local investors do not have the funds for it,''he told Reuters when met at the sidelines of the Joint High Level Conference on Islamic Finance, on Monday (18 / 7). (source)

BANKING - StanChart Reported to Have Eye on 15% Stake in Bank Muamalat

British-based Standard Chartered is planning to bid for a stake in Bank Muamalat, the oldest Islamic bank in Indonesia, after its local affiliate, Bank Permata, withdrew from the race, sources with direct knowledge of the matter have said.

Qatar Islamic Bank and Bank Mega were among suitors that submitted second-round bids ahead of last week’s deadline. (source)

CAPITAL MARKETS - Bank Muamalat to Sell Global Sukuk This Year

Bank Muamalat Indonesia, the country’s second-largest Shariah-compliant lender, will sell dollar-denominated Islamic bonds this year to support overseas expansion, said Hendiarto, the chief financial officer at the bank.

The sale, which may be worth $50 million to $100 million, will be the bank’s first attempt to tap international capital markets, Hendiarto said at a news conference to announce the lender’s earnings in Jakarta on Monday.  (full story)

FINANCE - Bank Muamalat Indonesia has Granted Financial Assistance to PT ALIF

Jakarta, (23/3). PT Al-ijarah Islamic Finance (ALIF) has shown a significant growth in distributing its multi financing service in the area of Auto leasing, BMI as the parent company of PT ALIF is considering supporting PT ALIF by providing IDR 500 Billion for its business development. It is expected that PT ALIF business will growing faster, with competitive pricing, to captive the retail market.

The signing ceremony of Financial aids agreement between BMI and PT ALIF  today (23/3)at Hotel Four Season Hotel in Jakarta Selatan, the ceremony was attended by the President Director Herbudi S Utomo and Marketing Director Efrinal Sinaga from PT ALIF, and  The President Director of BMI, Arviyan Arifin,  Retail Banking Director of BMI, Adrian A Gunadi. Arviyan said that BMI will expand its consumer financing Business with PT ALIF, whereas this agreement will focus on auto financing, which has been its main business since 2010. “This agreement will be broadening our product spectrum to our customer,” explained Arviyan. (full story)