INDONESIA - TAKAFUL - AAUI: DP Trigger Restrictions Growing Takaful

www.investor.co.id - JAKARTA - Indonesian General Insurance Association (AAUI) rate, the application of the restrictions on payment (down payment / DP) for motor vehicle loans sparked growing Sharia-based insurance industry.
"At the time of initial application of the restrictions on payment for vehicles, vehicle financing affected. However, it pushes conventional financing will switch to the sharia that will impact also on the insurance," said Executive Director Julian AAUI Noor said here on Friday.
He said the force of DP for motor vehicles was enough to give impact on the industry's conventional financing, then the condition would make the transition to syraiah strong enough.  (source)

INDONESIA - FINANCE - After downpayment rule : Islamic finance companies broke

www.kontan.co.id - JAKARTA. Islamic finance company's business concept of profit after finance ministers enforcement of regulations (PMK) about the deposit or down payment (DP) of motor vehicle loans at finance companies two weeks ago. Customer loans are increasingly interested in taking a motor vehicle through a scheme based on Islamic law, because the DP is more expensive than the conventional multi.
Al Ijarah Indonesia Finance (ALIF) for example, closing a fantastic jump in performance in June. Amount of financing in June 2012 reached Rp 130 billion, growing at about 85% over the same period last year. Of that amount, 60% came from the motorcycle. Hoist the total amount of financing that it has reached Rp 1 trillion in May 2012. "After the DP rule applies, our financing grew 38% every day," said Efrinal Sinaga, Director of Al-Ijarah, last week. (source)