INDONESIA - BANKING - Muamalat spur financing konsumser

JAKARTA: PT Bank Muamalat Indonesia Tbk will boost consumer cost sharing from 30% to 40% of the total financing through the establishment of a special division of consumer financing in order to increase product variety.

Complience and Risk Management Director Muamalat Buchari Andi said a September 2011 financing consumption has reached Rp 6 trillion and is expected to reach Rp 7 trillion at the end of this year. (source)

INDONESIA - BANKING - Muamalat Raises Consumer Finance Portion

JAKARTA (IFT) – PT Bank Muamalat Indonesia Tbk will enlarge its consumer finance portion to 40 percent of its total finance portfolio in 2012 from 30 percent this year. The bank will prepare a special division for consumer financing and create several new products to boost its portfolio. (source)

INDONESIA - BANKING - Islamic Banking Must Dare to Go Real Sector

JAKARTA - The Islamic banking, should dare to go into the real sector so that its presence in Indonesia's economy became apparent.

"We recommend to reorient the goals of Islamic banking, which have dared to go into the real sector. In order for Islamic banking sector is considered important," said Head of fiscal policy (BKF) Permadi Bambang Soemantri Brodjonegoro after a keynote speaker at the International Seminar and Conference 2011 on Economics in Building Studies and the Center for Teacher Certification, State University of Jakarta (UNJ), on Tuesday.  (source)

FINANCE - Sharia Consumption Financing Increases 82.7 %

JAKARTA (IFT) – The consumption finance sector distributed by sharia banks until February 2011 has increased 82.7 percent to 25.74 trillion rupiah compared to 14.09 trillion rupiah in February 2010. This has surpassed the increased working capital finance of 32.6 percent to 31.89 trillion rupiah from 24.05 trillion rupiah and the soaring investment finance of 33.6 percent to (full story)