INDONESIA - BANKING - ISLAMIC BANK RULES This golden rule of financing in Islamic banks

www.kontan.co.id - JAKARTA. Bank Indonesia (BI) has given the green signal for Islamic banks to provide financing ownership of gold products (PKE) using a murabaha contract (sale and purchase in installments). However, some rules must be met in order not subject to sanctions when the product is running. What is it?
Rules contained in the SE Number 14/16/DPbS about PKE BI launched late last month said the Sharia Bank or Sharia (UUS), which will distribute the products PKE must obtain prior approval from the BI.
"Sharia Bank or UUS shall report the realization of products PKE spending a maximum of 10 days after issuance of the PKE product," as stated in the SE signed by Deputy Governor of the Bank Halim Alamasyah.  (source)

INDONESIA - BANKING - Innovation and regulation boost Islamic banking

www.republika.co.id - JAKARTA – The development of Islamic bank asset is still rocketing in 2012, economic analyst, Euis Amalia, says. The increase is supported by the increasing public interest in Islamic banking products and the emerging of Islamic general bank (BUS).

The Islamic banking asset in 2011 entirely records 49 percent growth compared to 2010. The asset reaches 149 trillion IDR or four percent market share of national banking. (source)

INDONESIA - BANKING - Good News... Total Asset of Islamic Banking hikes!

WWW.REPUBLIKA.CO.ID, JAKARTA - Another good news comes from Indonesian Islamic finance sector, according to a report by central bank or Bank Indonesia (BI). Total asset of Islamic banking in Indonesia enjoys an increase up to 49 percent in the end 2011, compared to the same periode of 2010 or year over year (yoy).  (source)

INDONESIA - BANKING - Industry profits exceed Rp1, 51 trillion

JAKARTA: Islamic banking net profit January-November 2011 reached Rp1, 51 trillion, an increase of 36.04% compared to same period previous year.

Based on data from Bank Indonesia, the majority of net income contributed by 11 Islamic banks (BUS) that grossed Rp1, 08 trillion. The rest is the contribution of Islamic business units totaled 23 units.  (source)

INDONESIA - BANKING - BI grants permission for 2 new banks

REPUBLIKA.CO.ID, JAKARTA - Islamic Finance in early 2012 more enlivened by the presence of two new Islamic banks. Bank Indonesia (BI) issued a permit a business unit of sharia (UUS) and the People's Bank Financing the Sharia (SRB) in December 2011.

Regional Development Banks Jambi opened UUS UUS increase the number to 23 units. While the number to 155 by the presence of SRB SRB Light Living in Yogyakarta. (source)

INDONESIA - BANKING - Bank Indonesia hosts Seminar on Outlook for Islamic Banking in 2012

bank indonesia - No. 13/ 44 /PSHM/Humas

The Deputy Governor of Bank Indonesia, Halim Alamsyah, officially opened a yearend seminar on the outlook for Islamic banking with the theme "Capacity Building and Strengthening the Contribution of Islamic Banks to accelerate Economic Development," on Wednesday 14th December 2011 in Jakarta.

"Joint efforts to develop the Islamic banking market undertaken by Bank Indonesia in conjunction with industry players through the iB campaign expanded the market share of Islamic banks to ± 3.8% in October 2011, with a total of ± 8.6 million bank accounts and an office network in excess of 2,017 branches," Halim was quoted in his speech. (source)

INDONESIA - BANKING - Shadowed by the Global Crisis, Islamic Banking Growing

Jakarta (14/12) - Today the global economy, especially Europe and America, is still overshadowed by the crisis and economic slowdown. But conditions are not too concerned about Islamic banking in the country.

"The growth of Islamic banking will not be disrupted by the global crisis because eksporsur portfolio of assets in foreign currency associated with overseas and very little," said Deputy Bank Indonesia (BI), Halim Alamsyah in the "Outlook Seminar on Islamic Banking and Policy Direction" in Jakarta on Wednesday (14/12).  (source)

INDONESIA - BANKING - 2 It takes the Acceleration of Islamic Banking

Tangerang (1 / 12) - In developing Islamic banking in this country need to do acceleration. It was felt would give something positive for the development of Islamic banking.

According to the Chairman Indonesia Sharia Bank Association (ASBISINDO), A Riawan Amin at least there are 2 things to consider in the acceleration of Islamic banking. First, the Syariah Commercial Bank (BUS) and Sharia (UUS) must use the parent bank's infrastructure.

"So do not spend money or capital to build its own ATMs, branches themselves and others. It's expensive, we were little," he said on the sidelines of the Seminar and Conference 2012 Regional Employment Indonesia Sharia Bank Association (ASBISINDO) in Tangerang, Thursday (1 / 12).  (source)

INDONESIA - MICRO FINANCE - Islamic Banking Sector Financing Micro Sharia Threaten RB

REPUBLIKA.CO.ID, JAKARTA --- Plan sharia commercial banks (BUS) expand micro-finance sector judged to threaten the People's Bank Financing the Sharia (SRB / BPRS). Growing micro-finance sector BUS increasingly competitive impact on margins.
SRB Director Karimah Irsyadi Artha, Mahrus Junaidi admitted it difficult to determine pricing of financing products to be competitive with the BUS. Because of this, SRB required more creative in making products and services. "In terms of product pricing, will be hard to compete with the BUS, so we must be creative because of the regulation is also no one has been aligned to the SRB," said he, Tuesday (29/11).  (source)

INDONESIA - BANKING - Islamic Banking Deposits Grow 50%

JAKARTA - The number of third party funds (DPK) in a national Islamic banking until October 2011 was Rp 103.3 trillion. Deposits collected from about eight million customers are growing by 50% compared to same period last year which reached Rp 69 trillion.
Sharia Banking Director of Bank Indonesia (BI) Mulya Effendi Siregar said, Rp 101.6 trillion of Islamic banking deposits up to October 2011 were stored in banks sharia (BUS) and business unit sharia (UUS). While the remaining Rp 1.7 trillion in the bank financing Islamic people (SRB). (source)

INDONESIA - BANKING - BI: Sharia Banking Assets Rp 129 Trillion

JAKARTA - The total assets of Islamic banking to mid-November 2011 reached Rp 129 trillion, up from the end of 2008 amounting to Rp 49.6 trillion."The total assets of Islamic banking by September 2011 reached Rp 126.4 trillion, and data that I received this morning reached Rp 129 trillion," said Director of the Directorate of Islamic Banking BI, Mulya Siregar, said here on Wednesday.  (source)

INDONESIA - BANKING - Sharia banking industry sees 46.55% rise in assets

JAKARTA: Sharia-based banking industry in Indonesia had its total assets increase 46.55% at end-September from a year ago. Total assets grew to IDR126 trillion from IDR85.97 trillion at end of September 2010.

The figure consists of IDR123 trillion from full-fledged Sharia General Banks (BUS) and Sharia Business Units (UUS), IDR3 trillion from Sharia Credit Banks (BPRS), said Bank Indonesia Director Mulya Siregar.  (source)

INDONESIA - BANKING - Sharia banking industry sees 46.55% rise in assets

en.bisnis.com - JAKARTA: Sharia-based banking industry in Indonesia had its total assets increase 46.55% at end-September from a year ago. Total assets grew to IDR126 trillion from IDR85.97 trillion at end of September 2010.

The figure consists of IDR123 trillion from full-fledged Sharia General Banks (BUS) and Sharia Business Units (UUS), IDR3 trillion from Sharia Credit Banks (BPRS), said Bank Indonesia Director Mulya Siregar. (source)

INDONESIA - OPINION - Riawan : Growth of Islamic Banking Not to Solve Economic Problems

REPUBLIKA.CO.ID, JAKARTA - Chairman of the Association of Bank Syariah Indonesia (Asbisindo), A Riawan Amin, said the growth of a national Islamic banking has not solved the problem of the national economy.

"Growth in assets by 40 percent or 50 percent. If the growth was only 3 percent of the national banking market share, when to be an economic solution?" Riawan said to Reuters. (source)

INDONESIA - REGULATIONS - Will BI Revised Compliance Test and proper Islamic Banking

REPUBLIKA.CO.ID, JAKARTA - Bank Indonesia (BI) will soon revise the rules and proper test of the ability of Islamic banks. Director of the Directorate of Islamic Banking BI, Mulya Siregar, said the central bank would simplify the stages of the fit and proper test for Islamic bankers.

Although so far its provisions are different from the conventional, he said it would harmonize with the existing provisions in the conventional. "There used to be eight stages, now four," he said. (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 - BANKING - Active BI pushes Islamic banking to SATISFIED

Jakarta (24 / 8) - Bank Indonesia (BI) today will continue to encourage Islamic banking transactions to be active in the interbank money market based on Islamic principles (SATISFIED). This is done because the BI tended to see Islamic banking as well as central banks still rely on its parent bank in dealing with liquidity problems. Though SATISFIED itself has a good benefit in addressing the needs of Islamic banks liquidity. (source)

INDONESIA - BANKING - BI: Islamic Banking Must Be Shared Agenda

REPUBLIKA.CO.ID, JAKARTA - Deputy Governor of Bank Indonesia (BI), Halim Alamsyah, assess if it is to experience significant growth in Islamic banking, Islamic banks need to progress the agenda together. According to him, the development of this industry not only be done solely BI as the central bank, but also other stakeholders, such as the National Islamic Council of Indonesia Ulama Council (MUI DSN), other government instruments and the bankers themselves.

''If you want to run, should be together,''he said in an interactive discussion''Making Indonesia Sharia Banking Center''on Monday (22 / 8).  (source)

INDONESIA - BANKING - Islamic Banking Assets Up 45 Percent

REPUBLIKA.CO.ID, JAKARTA - Homeland Assets of Islamic banks, Islamic banks (BUS) and sharia business unit (UUS), again showing significant growth. This time, based on statistical data of Bank Indonesia (BI), in the first half of 2011, in which Islamic banks managed to increase assets by 45 percent when compared to the same position in the previous year.
An increase in assets of Rp 75.205 trillion in June 2010, to Rp 109.750 billion in June 2011. Asset growth is seen with increasing third-party funds (TPF), which affects the increase in financing. (source)

INDONESIA - BANKING - Ready to Build Jambi Bank UUS

Jakarta (15 / 8) - PT. Jambi Regional Development Banks in the near future will establish Sharia (UUS). This was said by the Director of the Directorate of Islamic Banking Bank Indonesia (BI), Mulya Siregar on the sidelines of the halal expo in Jakarta, Saturday (13 / 8). (source)