INDONESIA - BANKING - SULSELBAR ISLAMIC BANK: profit pedal boot, launch pawn gold

www.bisnis.com - MAKASSAR: PT Bank Syariah Sulselbar Rahn product launch or Pawn Gold Blessing iB, to support improved profitability this year.Senior Analyst Group Sharia Bank Sulselbar Ikbal Kamal said the company is optimistic that the new product will contribute to the company's revenue."We can not disclose the amount because it is still early stage, and [launch] into the second half of 2012," he told Business Today, Tuesday, May 15, 2012. (source)

INDONESIA - CAPITAL MARKETS - Corporate Sharia bond issues are at low level, Bapepam-LK says

JAKARTA: Poor socialization is considered to be the reason of low issuance of corporate Sharia bonds this year. Currently there is only Bank Sulselbar issuing sukuk Mudharabah.

Sukuk Bank Sulselbar itu adalah sukuk pertama senilai Rp100 miliar dan akan jatuh tempo pada 12 Mei 2016.
This sukuk Mudharabah is the first IDR100 billion-worth sukuk and matures on 12 May 2006. (source)

INDONESIA - CAPITAL MARKETS - Sukuk are considered less socialized

JAKARTA: The Ministry of Finance to assess the lack of corporate sukuk issuance this year due to not considering the maximum dissemination of this year a new one that is Sukuk Mudaraba sukuk issuance Sulselbar Bank.

Sukuk Bank Sulselbar it was the first sukuk worth Rp 100 billion and will mature on May 12, 2016. The bank formerly known as Bank of South Sulawesi and then changed its name on May 26, 2011 after the entry of West Sulawesi Provincial Government in the ranks of the largest shareholder. (source)

SUKUK - Bank Sulsel to Issue Rp500 Billion Bonds Next Month

Theindonesiatoday.com - Regional development bank PT Bank Pembangunan Daerah Sulawesi Selatan (Bank Sulsel) plans to issue bonds worth Rp500 billion in May 2011, of which syariah bond (Sukuk) amounts Rp100 billion.

Ellong Tjandra, Bank Sulsel's president director, said the sukuk is the first issue while bonds will be issued in two series, 3 and 5 years period. (full story)