INDONESIA - BANKING - Already Muamalat DPK Depreciation Estimate

WWW.REPUBLIKA.CO.ID, BUKITTINGGI - Withdrawal of funds by the Ministry of Religious Affairs Haj Indonesia (Kemenag) more or less influence on bank performance, especially Islamic banks. This makes Islamic banks seek other ways to cope with shrinking deposits.
Director of Retail Bank Muamalat, Adrian A Gunadi, said the funds held in Bank Muamalat Kemenag did have a reduction. This is caused by a change in investment strategy undertaken by Kemenag in managing the fund, which is transferred to sukuk.
"Depreciation of Rp 1 trillion," he said on the sidelines of the Tour de Harau, Saturday (30/6). Remaining funds are deposited in Muamalat Kemenag now the only remaining Rp 500 billion. This withdrawal, said Adrian, has been made since last year.  (source)

INDONESIA - BANKING - Mortgage Financing Muamalat Add $ 2 T

WWW.REPUBLIKA.CO.ID, JAKARTA - Bank Muamalat take advantage of the momentum of high mortgage payment in the conventional banking which has been set mid-June. Although since early last year in home financing Muamalat is constantly increasing.
"From January has gone up to Rp 1.5 trillion," said Director of Retail Bank Muamalat, Adrian A Gunadi, Monday (2/7). Muamalat mortgage financing position now is Rp 4.5 trillion.
Adrian said the upward momentum of this deposit may be used as well as to conduct cooperation with several developers. Some developers are in the process of cooperation with the Bank Muamalat is Alam Sutera, Ciputra, Metropolitan Realty. This cooperation is expected to increase mortgage financing Muamalat and achieve the set targets.  (source)

INDONESIA - BANKING - Muamalat not interested in gold pawn business

www.VIVAnews.com - In the midst of mortgage business that made gold the rapidly growing Islamic bank, Bank Muamalat just not interested in offering mortgage products gold. Director of Bank Muamalat, Arviyan Arifin, assess the gold pawning business more toward the speculative.
"We have no gold pawn. Reason is that hard to make a deal. We do not have that skill, because they want to actually run the Islamic banking principles," he said on the sidelines of the inauguration Arviyan 9 Muamalat new office in Palembang, Thursday, January 12, 2012.
Director of Retail Bank Muamalat, Adrian A Gunadi, adding, the product of gold pawning some speculative elements. This is a consideration, given the pledge of gold operations risks are quite high.  (source)

INDONESIA - CAPITAL MARKETS - Muamalat to Issue Sukuk Rp1, 25 trillion Bank Muamalat also examines the possibility of listing on the stock exchange.

www.VIVAnews.com -Muamalat to issue sukuk in the month of May 2012 around Rp1, 25 trillion. The first Islamic bank will also be listed its shares on the stock (listing), although it's been a public company status.

Director of Bank Muamalat Arviyan Arifin said the issuance of sukuk just waiting for the permission of the General Meeting of Shareholders (AGM) in April. Issuance of sukuk has also been entered into the Business Plan Bank (RBB) Muamalat 2012 that will be submitted to Bank Indonesia.

"The issuance of sukuk is to raise the growth rate of capital and assets," said Arviyan in Palembang.  (source)

INDONESIA - CAPITAL MARKETS - Indonesia's Bank Muamalat to issue 1.5 tln rupiah corporate sukuk

www.reuters.com - JAKARTA, April 5 (Reuters) - Indonesia's first Islamic bank, PT Bank Muamalat, is planning to issue 1.5 trillion indonesian rupiah ($164 million) of corporate sukuk to expand business and credit financing, the firm's director said on Thursday.

Bank Muamalat director Adrian Gunadi said 800 billion rupiah will be issued as the first tranche in mid 2012, with a 10-year tenure and buyback option on the fifth year. (source)

INDONESIA - BANKING - Java Muamalat Earn Highest Asset Growth

WWW.REPUBLIKA.CO.ID, SURABAYA - Muamalat East Java, Bali, and Nusa Tenggara to the region recorded the highest asset growth in 2011. Improvement occurred about 45.8 percent from Rp 1.77 trillion in 2010 to Rp 2.58 trillion in 2011.

The third region also records up to 94 percent of the retail portion of its business portfolio Muamalat nationally. This achievement made ​​by the Bank Muamalat reason to roll out the program 'Muamalat Share Rezeki' appreciation to the account holder's savings products. The main prize of Serie 5 BMW sedan. (source)

INDONESIA - BANKING - Muamalat Deposits grew 25.21% seek

www.bisnis.com - SURABAYA: PT Bank Muamalat Tbk Third Party Fund raising target for the area of ​​East Java, Bali, and Nusa Tenggara to grow 25.21% in 2012, to Rp2, 93 trillion.
Setiabudi, Manager of the bank to plan the third area, said that throughout 2011 the acquisition of bank deposits Muamalat of East Java, Bali, and Nusra reached Rp2, 34 trillion, up 50% compared with the previous year.  (source)

INDONESIA - BANKING - Muamalat 100 billion budget for the added network

www.bisnis.com - SURABAYA: Corporation Bank Muamalat budget around 100 billion to increase the network of offices throughout Indonesia this year.
Hendiarto, Director of Finance and Operations Bank Muamalat, said the company plans to add 100 network offices throughout Indonesia in 2012, with investment of around Rp 1 billion per office.
"The addition of a network of offices we do to encourage the acquisition of third party funds (DPK) and the distribution of financing for retail in 2012," he told a news conference today. (source)

INDONESIA - BANKING - Muamalat Embraces Sharia SMF Shelter Fund

Jakarta (14/12) - Financing shelter is now the belle of the retail banking in extending financing. Predicted by 2012 the demand for residential mortgages is still very high. This is certainly not wasted by the banking and Islamic banking is no exception Muamalat Indonesia (BMI) is one of them.  (source)

INDONESIA - BANKING - BMI and SMF signed a mortgage agreement

Jakarta (14/12)- The demand of mortgage is pretty high from retail banking consumers. It is predicted that in 2012 the demand of mortgage will increase. This is a good opportunity for Islamic banks to captive the mortgage market, such as Bank Muamalat Indonesia (BMI). (source)

INDONESIA - BANKING - Build Muamalat Consumer Center Next Year

REPUBLIKA.CO.ID, JAKARTA --- Muamalat to build next year's consumer-focused center serving the needs of consumers. Consumer center is targeted to increase consumer financing.

"Muamalat Consumer Center focus serving the needs of consumers such as residential sharia financing, cooperatives, and multi-finance," said Director of Retail Bank Muamalat, Adrian A Gunadi, Thursday (15/12). He said consumer financing grew 55 percent as of November 2011 with a value of Rp 7.3 trillion. From these values, Rp 3.6 trillion channeled to financing Islamic occupancy grew 40 percent from the same period the previous year. (source)

INDONESIA - BANKING - There is a special savings account at Bank Muamalat tours

JAKARTA: PT Bank Muamalat Indonesia Tbk plans to open a savings program for package tours with special pricing options facilitated by Garuda Indonesia Holiday.

Director of Retail Banking of Bank Muamlalat Adrian A. Gunadi also hope that such cooperation can increase the volume of funds under management of Rp 5 billion-10 billion with a total of 20,000 customers that travel savings.  (source)

INDONESIA - BANKING - Muamalat spur savings hajj commission income

JAKARTA: PT Bank Muamalat Indonesia Tbk fee-based revenue target of Rp3 billion - 5 billion of savings Hajj and Umrah are supported by working with PT Garuda Indonesia Tbk.

Director of Retail Banking of Bank Muamalat Adrian A. Gunadi also hope that such cooperation can increase the volume of funds under management of Hajj and Umrah savings up to 30%.  (source)

INDONESIA - BANKING - Market Snap Hajj and Umrah, BMI Embraces Garuda

Jakarta (21/11) - PT Bank Muamat Indonesia (BMI) to cooperate with PT Garuda Indonesia in developing the aviation business to the middle east in particular relating to the Hajj and Umrah.
The signing of a memorandum of understanding was conducted by the Director of Retail Bank Muamalat Asharyanto Adrian Gunadi and Director of Marketing and Sales Garuda M. Arif Wibowo witnessed by the Director of the Bank, adding the Arviyan Garuda president director Arifin and Satar was attended by Director of BMI, Arviyan Arifin and Director of Garuda Indonesia, Ermisyah Satar in Jakarta, Monday (21/11).  (source)

INDONESIA - BANKING - Embraces Garuda, BMI Develop Travel Savings

Jakarta (21/11) - By holding PT Garuda Indonesia, PT Bank Muamalat Indonesia (BMI) to open Travel Savings program. A savings plan for tour packages with special pricing options that will be facilitated by Garuda Indonesia Holiday (GIH).

Director of Retail BMI, Adrian A. Gunadi said the tour savings, customers can plan vacation well and provided a variety of packages with prices and adequate facilities. (source)

INDONESIA - BANKING - Profit Up 95 Percent Muamalat

REPUBLIKA.CO.ID, JAKARTA - Bank Muamalat profit rose significantly by September 2011 with profit before tax of Rp 270 billion. Profit rose to 95 percent over the same period last year (year on year / yoy). Muamalat earnings as of September 2010 reached Rp 138 billion.

Director of Retail Bank Muamalat, Andrian A Gunadi, revealing contribution to retail deposits have been closer to 70 percent or equivalent to Rp 14 trillion. -E savings products contribute significant share in the deposits up to Rp 500 billion since its launch. "Next year, the product will be a hero," he said.  (source)

INDONESIA - BANKING - Major sharia banks lead market share expansion

JAKARTA: Sharia banks showed progressive business growth in the third quarter of the year, as major banks still dominated credit disbursement and public deposits.

 

PT Bank Syariah Mandiri (Sharia Mandiri) expected credit disbursement as much as IDR34.41 trillion in 3Q/2010, increasing 61.33% from IDR21.33 trillion in the earlier year period.

 

“It is unaudited and approximated data. The official one will be published in newspapers,” said Sharia Mandiri President Director Yuslam Fauzi.  (source)

INDONESIA - BANKING - Muamalat 270 Billion Record Profit

REPUBLIKA.CO.ID, JAKARTA - Bank Muamalat profit rose significantly by September 2011 with profit before tax of Rp 270 billion. The largest contribution from the profits come from retail business.

According to Director of Retail Bank Muamalat, Andrian A. Gunadi, earnings rose to 95 percent compared to 2010 (year on year / yoy). (source)

INDONESIA - BANKING - Bank Muamalat boosts gross profit by 93,15%

en.bisnis.com - JAKARTA: PT Bank Muamalat Indonesia Tbk booked IDR270 billion of gross profit throughout the year, rose 93.15% from the same period last year.

 

The growth of the earnings before tax was due to bigger margin income from its financing, said Director of Retail Banking Adrian A. Gunadi. Up to September, financing rose 45.24% to IDR20 trillion from IDR13.77 trillion. (source)

INDONESIA - TAKAFUL - Muamalat, Allianz aim to get Rp 50 billion from policies

Bank Muamalat Indonesia, a major sharia bank, and insurance and financial services provider Allianz Life Indonesia signed on Thursday a three-year agreement to market sharia-based insurance products to the bank’s customers nationwide.

Allianz Life Indonesia president director Joachim Wessling said that sharia insurance products would be offered in two ways.  (source)