INDONESIA - CAPITAL MARKETS - Dana Haji Sign Sukuk, Islamic Banking sluggish

www.bisnis.com - JAKARTA - Bank Indonesia (BI) recorded growth of Islamic banking industry in the first half of 2012 tend to be slower than growth at the end of December 2012. The transfer of Sukuk to fund the pilgrimage to one of the trigger."The performance of Islamic banking is based on the record is still growing very little. I see the industry to agree on this, "said Executive Director of the Department of Banking Islamic Bank, Edy Setiadi, the talkshow reveals the human resources crisis in Islamic Banking in Jakarta, today.He said the slowdown in the growth of Islamic banking, one of which can be seen from the growth of assets amounted to only 7.04 percent in the period from January to July 2012 (year to date / ytd). That means during the first half of 2012, growth has not reached half of the total asset growth last year, amounting to 48.6 percent (ytd) during setahunan.  (source)

INDONESIA - FINANCE - Learn to Manage Funds Asbisindo Hajj from Malaysia

WWW.REPUBLIKA.CO.ID, JAKARTA - Indonesia Sharia Bank Association (Asbisindo) will have a meeting with bankers Malaysia. One issue to be discussed in this meeting is how Malaysian Islamic banks can manage the fund as a whole pilgrimage.

Designed by Asbisindo meeting will take place in early July. in addition to talking about the potential of Islamic banking in each country, this meeting will also discuss in depth about the tricks of Islamic banks of Malaysia entrusted to manage the fund pilgrimage. "We hope to explore what Malaysia can be placed in Islamic banks," said Chairman Asbisindo, Yuslam Fauzi, this weekend. (source)

INDONESIA - BANKING - BMT did not Afraid to Compete with Bank Syariah

WWW.REPUBLIKA.CO.ID, JAKARTA - Baitul Maal Wat Tamwil (BMT) is not afraid to compete with Islamic banks in providing micro-loans in the sector. Because Islamic banks have a different level with BMT in lending.
"Level microstructure is different," said Chairman of BMT Association of Indonesia (Absindo), Aries Muftie, told Reuters, after a speaker in the Development Dialogue Islamic Economic Excellence sebagau Indonesia Economic Competitiveness in Global Civilization, Thursday (28/6).  (source)

INDONESIA - EVENTS - Islamic Banking Products and Services Need to Be Improved

www.investor.co.id - BANDUNG - Islamic banking products and services need to be improved as currently assessed insufficient to meet the interests of the customer making it difficult to compete with conventional banking products and services.
Chairman of the Indonesian Association of Islamic Banking (Asbisindo) Yuslam Fauzi in Bandung, Tuesday, said the number of Islamic banking products in Indonesia is lagging behind Islamic banking in Malaysia.
"This form of Islamic banking products in Malaysia is more diverse. Reason is because they are eight years earlier to build the Islamic banking. They year 1984, while our 1992. So they are more in the future," said Yuslam on the sidelines of an international seminar that took place since the Islamic financial Monday (7/5). (source)

INDONESIA - BANKING - Do not ambition spur consumer loans

www.bisnis.com - SURABAYA: Bank Indonesia Islamic banking'm not too ambitious to spur consumer loans following the central bank's policy of lowering the ratio of the value of goods credit (loan to value / LTV) of a conventional bank.
Instead of sharia-based Islamic bank is advised to keep credit growth to boost investment and working capital.
Deputy Leader of BI Surabaya Sarwanto Banking Supervision suggests it is related to the number of Islamic banking in East Java are ready meendongkrak growth of consumer financing like mortgages and credit purchases of vehicles.  (source)

INDONESIA - BANKING - 'Foreign Investors Do Until disadvantaged Sector Local Sharia'

WWW.REPUBLIKA.CO.ID, JAKARTA - The development of Islamic banking in Indonesia will increase. In the twenty years of Islamic banking in Indonesia will continue to grow. Later it is not likely to exceed the growth of conventional banking.

But Chairman Indonesia Sharia Bank Association (Asbisindo), Yuslam Fauzi, said regulators should create fair rules for the entry of foreign investors to Indonesia. "The entry of foreign investors is not to shift the local businessmen," he said after a keynote speaker at the event Indonesia Islamic Finance News Forum 2012 at the Hotel Mulia, Senayan, Jakarta, Monday (16/4).  (source)

INDONESIA - EDUCATON - EXECUTIVES ASBINDO inducted Tasikmalaya

www.bisnis.com - Tasikmalaya: Chairman Indonesia Sharia Bank Association (Asbisindo) Jabar Ahmad Slamet Fariku Zaman said the organization is expected to become a place of education for the internal perpetrators of Islamic banking.

In addition, he said, as well as expected Asbisindo container business relationship that Islamic banks should exchange information about the development of Islamic banking business today.

"To the West Java, we often hold friendship and socialization once a month," he said after the inauguration of the board in the 2012-2015 period Asbisindo Tasikmalaya Office of Bank Indonesia (KBI) Tasikmalaya, Monday, April 9, 2012.  (source)

INDONESIA - BANKING - ISLAMIC BANKING: BI projected to reach 15% market share

www.bisnis.com - JAKARTA: Indonesia Bank project the Islamic banking industry could have a market share of 15% in the next 10 years could experience if such a steady growth in recent years.

Halim Alamsyah, Deputy Governor of Bank Indonesia (BI) said the Islamic banking industry has grown by an average 40.5% per year, in the last half decade.

The growth was two times faster than conventional banking so that its market share continues to increase in recent years.  (source)

INDONESIA - BANKING - ISLAMIC BANK BANKER talk of industrial growth

www.bisnis.com - JAKARTA: A number of Islamic bankers to assess an estimated projection of Bank Indonesia Islamic banking industry assets will reach 15% in the next 10 years is not excessive.

However, there are a number of homework that requires a commitment from the regulator to be completed soon along with industry

"Indonesia is now in the process of transition OJK [the Financial Services Authority]. Commitment of the people who sit in the OJK is very influential on the development of Islamic banking in the future, "said Fauzi Yuslam, Managing Director of Bank Syariah Mandiri, Sunday, March 25, 2012. (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 - BI: 5 Years, Can Islamic Market Share 10 Percent

www.kompas.com - JAKARTA, KOMPAS.com - Bank Indonesia (BI) is optimistic the market share of Islamic banking on the banking industry in terms of assets could rise to 10 percent in five years. Currently, a new Islamic banking holds 4 percent of market share.

This can be achieved due to BI see the growing trend of Islamic banking in the last five years. BI deputy governor Halim Alamsyah said Islamic banking assets grew an average of 40.5 percent over the last five years. These include the growth of Islamic banks, Islamic business units, or sharia rural banks. This figure is two times faster than conventional banking growth.

"If growth can continue as now, is not impossible that in the next five years the market share of sharia could approach 10 percent. If plus five more years to 15 percent, "Halim said when opening the National Congress of Indonesian Association of Islamic Banking (Asbisindo), Wednesday (03/21/2012).  (source)

INDONESIA - BANKING - Islamic Banking Must Continue to Innovate

www.kompas.com - JAKARTA, KOMPAS.com - Islamic banks should be able to offer competitive products to the people of Indonesia. It a competitive advantage in terms of costs and services.

Deputy Governor of Bank Indonesia Halim Alamsyah was speaking during a press conference after opening the National Congress of Indonesian Association of Islamic Banking in Jakarta, Wednesday (03/21/2012). (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 - BI projected to reach 15% market share

www.bisnis.com - JAKARTA: Indonesia Bank project the Islamic banking industry could have a market share of 15% in the next 10 years could experience if such a steady growth in recent years.

Halim Alamsyah, Deputy Governor of Bank Indonesia (BI) said the Islamic banking industry has grown by an average 40.5% per year, in the last half decade.

The growth was two times faster than conventional banking so that its market share continues to increase in recent years.  (source)

INDONESIA - REGULATIONS - The treatment of Islamic banks was still differen

www.bisnis.com - JAKARTA: For the sake of fighting for the same tax equity with conventional, Indonesia Sharia Bank Association formed a task force whose function is requesting changes to Regulation 136 of the Minister of Finance that the current numbers are still multi-valued interpretation.
Achmad Kusna Permana, Head of Sharia Bank Permata Tbk PT as a member of the Association of Bank Indonesia Sharia (Asbisindo), said the association had a meeting with the Ministry of Finance of fiscal policy, to discuss the Ministry of Finance (PMK) No. 136/PMK.03/2011 about Income Tax for Business Activities Financing the Sharia.  (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)