www.bisnis.com - JAKARTA: After a minimum down payment credit policy applied to
conventional banks and multifinance since mid-June, Bank Indonesia will
ensure to apply similar regulation to Islamic banking.
Bank Indonesia (BI) Islamic Banking Department Executive Director Edy
Setiadi said the preparation of minimum down payment regulation for
Islamic Bank needs more time because this type of bank has limited data
resources compared to conventional banks.
"The principle is BI also has to make similar regulation for Islamic banks," he said yesterday (8/13). (source)
Showing posts with label downpayment. Show all posts
Showing posts with label downpayment. Show all posts
Monday, August 20, 2012
Tuesday, August 14, 2012
INDONESIA - BANKING - Shariah Included in Indonesian Bank Rule
www.thejakartaglobe.com - The country’s central bank will soon issue a regulation requiring
Shariah banks to toughen down payments on housing and automotive loans, a
deputy governor said on Sunday.
The requirement will be similar to the implementation of the loan-to-value level applied to conventional lenders for housing and vehicle loans issued on March 15 and took effect on June 15.
Under the new regulation, down payments of 25 percent for two-wheeled vehicles are required and 30 percent for four-wheeled vehicles. There were no rules before, but sellers often asked for about 15 percent. Loans typically account for 70 percent of car purchases in Indonesia.
Shariah lenders were excluded from the regulation as in Islamic finance, lending does not require down payments. (source)
The requirement will be similar to the implementation of the loan-to-value level applied to conventional lenders for housing and vehicle loans issued on March 15 and took effect on June 15.
Under the new regulation, down payments of 25 percent for two-wheeled vehicles are required and 30 percent for four-wheeled vehicles. There were no rules before, but sellers often asked for about 15 percent. Loans typically account for 70 percent of car purchases in Indonesia.
Shariah lenders were excluded from the regulation as in Islamic finance, lending does not require down payments. (source)
Thursday, August 09, 2012
INDONESIA - FINANCE - DP hit, move to sharia financing FIF
www.kontan.co.id - JAKARTA. PT
Federal International Finance (FIF) is planning to increase the share
of contribution of Islamic finance in the second semester. If
throughout the first half ago, the composition of Islamic finance in
the new FIF 10%, then in the second semester, FIF target of Islamic
finance contributing 50% of the total value of financing.
Suhartono, Director of FIF admitted it lost market share with a DP below 10% when the market demand for a down payment (DP) is still relatively high cost. Do not want to finance the motor continues to decline, then change the composition of the FIF 50% financing from conventional and 50% of the sharia. Of the target unit motorcycle financing as much as 560 000 units, nearly half are from Islamic.
"The demand for cheap DP FIF is still high at almost 30%. Therefore we provide a choice for Islamic finance," said Suhartono last night, Tuesday (31/7). (source)
Suhartono, Director of FIF admitted it lost market share with a DP below 10% when the market demand for a down payment (DP) is still relatively high cost. Do not want to finance the motor continues to decline, then change the composition of the FIF 50% financing from conventional and 50% of the sharia. Of the target unit motorcycle financing as much as 560 000 units, nearly half are from Islamic.
"The demand for cheap DP FIF is still high at almost 30%. Therefore we provide a choice for Islamic finance," said Suhartono last night, Tuesday (31/7). (source)
INDONESIA - FINANCE- After downpayment regulation, Multi Finance became backbone of Islamic finance
www.kontan.co.id - JAKARTA. After the enactment of the rules of deposit or down payment (DP) in multi-vehicle loans by 20% -25%, the finance company menggeber Islamic services. In fact, the main stronghold of Islamic finance business.
At PT Adira Multifinance (Adira Finance), has a new business unit of sharia (UUS) since mid-June 2012. Nevertheless, only a month to operate a direct channel of financing of about USD 20 billion in loans motorcycles and cars. "Now the new UUS concentrated in Greater Jakarta, but the future will be spread to other areas that could contribute 10% of the company's business," said Willy S. Dharma, Director of Adira Finance, yesterday. (source)
At PT Adira Multifinance (Adira Finance), has a new business unit of sharia (UUS) since mid-June 2012. Nevertheless, only a month to operate a direct channel of financing of about USD 20 billion in loans motorcycles and cars. "Now the new UUS concentrated in Greater Jakarta, but the future will be spread to other areas that could contribute 10% of the company's business," said Willy S. Dharma, Director of Adira Finance, yesterday. (source)
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