INDONESIA - CAPITAL MARKETS - Bank Muamalat Gets Ball Rolling On Fund-Raising With Bond Sale

www.thejakartaglobe.com - Bank Muamalat, an Islamic lender in Indonesia, is planning to raise Rp 800 billion ($85 million) from the sale of subordinated Islamic debt this week.

The bank, which is partly controlled by the Islamic Development Bank, is offering the 10-year Islamic notes to investors today and plans to list the debt on the Indonesia Stock Exchange next Monday.

The offering will be the first as part of Bank Muamalat’s long-term plan to raise Rp 1.5 trillion within two years, the lender said in a brief prospectus published in Investor Daily on Monday.

Indonesia is the world’s largest Muslim population country, with Muslims comprising 85 percent of its 240 million population.  (source)

INDONESIA - CAPITAL MARKETS - Bank Muamalat Issues Subordinated Sukuk Worth IDR 1.5 Trillion

www.muamalatbank.com - Bank Muamalat Indonesia issues a total of IDR 1,5 trilion Subordinated Sukuk in Jakarta 5/30, as the Indonesian Islamic banking pioneer aims to strengthen the capital structure in speeding up business.

The idA(sy) rating is given by PT Pefindo - Credit Rating Indonesia for this Mudharaba-based subdebt, meanwhile Bank Muamalat was rated idA+ as the issuer. In the first period, the bank issues IDR 500.000.000.000 (IDR 500 billions) of the total amount of IDR 1.5 trillion to be issued in the next two years.  (source)

INDONESIA - CAPITAL MARKETS - Lower Yields Breathe New Life Into Indonesia’s Islamic Lending

www.thejakartabglobe.com - A year long drought in the sales of corporate sukuk in Indonesia is ending as falling yields spur offers by Bank Muamalat Indonesia and Mayora Indah.

Bank Muamalat, the nation’s second-largest Islamic lender, will offer as much as Rp 800 billion ($87.2 million) of Shariah-compliant notes in June, finance director Hendiarto said on April 4.

Mayora Indah, a biscuit maker, will sell Rp 250 billion of debt in May, a company statement said on Monday. The average yield on Indonesian corporate dollar-denominated debt has fallen 34 basis points to 4.87 percent since Jan. 17, the day before Moody’s Investors Service gave the country an investment-grade rating. (source)

INDONESIA - CAPITAL MARKETS - Trade and Services Sector Shares Sharia Domination

www.pkesinteraktif.com - Jakarta (29/2) - Currently in stock sharia, trade, services, and investment is the most dominant sector. This was disclosed Head of Market Development Indonesia Stock Exchange (BEI) Irwan Abdalloh to pkesinteraktif.com few days ago.

He said 237 shares of sharia, trade, services, and investment has its share of 28%. The rest was divided on agriculture, mining, various industrial, commercial goods industry, property, and infrastructure.

"As the number of stocks that move in this sector (trade, services, and investments) at most, then this sector is also the most demanding investors," he said. (source)

INDONESIA - REGULATIONS - Regulations prohibit growth of corporate sukuk

www.pkesinteraktif.com - Jakarta (24/2) - corporate Sukuk are not experiencing significant development. This is because existing regulations do not currently support the development of sukuk itself.

"Sukuk? In the regulation of GAAP and tax incentives that problem. Now look at the movement of corporate sukuk are relatively quiet. It was recognized by friends of the regulator, "said Head of Market Development Indonesia Stock Exchange (BEI) Irwan Abdalloh when met at the University of Gunadarma Depok, on Thursday (24/2). (source)

INDONESIA - BANKING - Bank Kesawan Rename QNB Bank Kesawan

JAKARTA - PT Bank Kesawan Tbk now renamed Kesawan Tbk PT Bank QNB and the name change has been approved by the Ministry of Justice and Human Rights by decree No. RI. AHU-51180.AH.01.02 dated October 21, 2011.  (source)

INDONESIA - FINANCE - Sierad Produce Obtaining Additional Loan Facility From Syariah Mandiri Bank (BSM)

2011 July Sierad Produce Syariah Mandiri Bank (BSM) - 2010 09 02 (Eng)

INDONESIA - FINANCE - Sierad Secured Rp100 Billion from Muamalat

Theindonesiatoday.com - Islamic bank PT Bank Muamalat Tbk has provided Rp100 billion loan to PT Sierad Produce (SIPD) Tbk to finance expansion of animal husbandry business.

Elies Lestari Setiawan, corporate secretary of Sierad Produce, said in a disclosure to the Indonesia Stock Exchange (IDX) Monday that the loan agreement has been signed on December 2nd, 2011. The facility has maturity in 60 months since withdrawal.

Investor Daily reported earlier that the poultry and feed producer gets Rp500 billion facilities from Bank Negara Indonesia and Bank Mandiri for working capital and investments.  (source)

INDONESIA - CAPITAL MARKETS - Garuda Enters Syariah List, Bakrie Telecom Kicked Out

Theindonesiatoday.com - Shares of flag carrier PT Garuda Indonesia Tbk (GIAA) enters into syariah stocks list per November 2011, while Bakrie Telecom was kicked out from the list.

Etty Retno Wulandari, Bureau Head for accountancy and transparancy at Bapepam-LK, said 24 new stocks enter the list while 10 stocks were kicked out from the list.

She said Garuda, PT Perusahaan Gas Negara Tbk (PGAS), PT Bayan Resources Tbk (BYAN) and PT Indofood Sukses Makmur Tbk (INDF) are included into the list as their debt to equity ratio have improved. "Garuda's equity increased after IPO, helping dragged down its debt to equity ratio," Etty said.

Among 10 stocks kicked out due to their debts are bigger than equities are Bakrie Telecom, PT Alfa Retailindo Tbk (ALFA), PT Colorpak Indonesia Tbk (CLPI), PT Japfa Comfeed Indonesia Tbk (JPFA) and PT Multistrada Arah Sarana Tbk (MASA). (source)

INDONESIA - CAPITAL MARKETS - Press Release Bapepam LK on Shariah Securities Register

www.bapepam.go.id - PRESS RELEASE

MINISTRY OF FINANCE OF THE REPUBLIC OF INDONESIA
SUPERVISORY BOARD OF CAPITAL MARKET AND FINANCIAL INSTITUTIONS

ISSUANCE OF DECISION OF THE CHAIRMANSUPERVISORY BOARD OF CAPITAL MARKET AND FINANCIAL INSTITUTIONS

 On Wednesday, 30 November 2011, Bapepam-LK has published Decision of Bapepam and LK Number: Kep-619/BL/2011 of List of Securities Sharia. Publishing decisions are based on periodic review of the Bapepam-LK carried out over Sharia Securities Register established before.  (source)

INDONESIA - CAPITAL MARKETS - Bapepam-LK issues Shariah Securities Register

REPUBLIKA.CO.ID, JAKARTA - Capital Market Supervisory Agency and Financial Institution Supervisory Agency (Bapepam-LK) issued a decision No. Kep-619/BL/2011 about Sharia Securities Register (DES), Wednesday (30/11).
The decision replaces the decision of the previous chairman of Bapepam-LK No. Kep-261/BL/2011 dated May 31, 2011 on the list along with the addition of Sharia Securities revoked and declared invalid.
Chairman of Bapepam-LK Nurhaida in Jakarta in a press release on Wednesday said the publication of the decision was based on periodic review of Bapepam-LK on the List of Islamic securities which have been previously defined. (source)

INDONESIA - BANKING - Bank Muamalat Sells IPO Shares in 2012

JAKARTA (IFT) – PT Bank Muamalat Tbk plans to sell 20-40 percent shares in initial public offering (IPO) at Indonesia Stock Exchange in the second semester of 2012 for finance portfolio and as source of funds.(source)

INDONESIA - CAPITAL MARKETS - Bank Muamalat plans Subdebt Sukuk, IPO and listing on IDX 2012

REPUBLIKA.CO.ID, JAKARTA --- Muamalat plans public stock began trading on the stock after the General Meeting of Shareholders (AGM) in June 2012. Planned, 100 percent of public shares to be listed on the stock.
According to the Director of Bank Muamalat, Arvian Arifin, listing on the stock is one of the shareholders request. Later, the shares will be listed on stock exchanges are all public. "We try to explore, when listing all the public shares," he said on Monday (21/11).  (source)

INDONESIA - EVENTS - Jakarta Association of Issuers AEI Members Benefit Financing the Sharia Push

JAKARTA-Indonesia Association of the Issuer (AEI) encourages its members are listed on the Indonesia Stock Exchange (BEI) to take advantage of financing Islamic banking."There are 300 listed companies that are members and AEI is ready to facilitate issuers who wish to take advantage of Islamic banking to finance them," said Chairman of AEI Airlangga Hartanto in his speech at the seminar and Business Investors Daily gathering with the topic of Corporate Opportunities Obtain Financing the Sharia in Baliroom Kempinsky Hotel Jakarta, Thursday (17/11), which was read Partawijaya Yan AEI Secretary General. (source)

BANKING - Maybank Granted Extension for BII Shares Sell-Down Indonesia Breaking News www.theindonesiatoday.com

Theindonesiatoday.com - Indonesian Capital Market Supervisory Agency (Bapepam) had on May 31 granted an extension period for Malayan Banking Berhad (Maybank) until December 1, 2011 to sell-down Bank International Indonesia (BNII) shares.

BII told Indonesia Stock Exchange (IDX) today that Maybank may request for further extension of the program two weeks before December 1, 2011 if the sell-down exercise would result in Maubank incurring a potential loss in excess of 10% of  Maybank's original value of BII acquisition.(source)

CAPITAL MARKETS - Jakarta Stock Exchange IDX - ISSI components

On May 12, 2011, the Jakarta Stock Exchange launched the ISSI Indonesia Syariah Stock Index - here are the components



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CAPITAL MARKETS - Indonesian stock exchange launches sharia index

Jakarta (ANTARA News) - PT Bursa Efek Indonesia (BEI) officially launched the Indonesia Sharia Stock Index (ISSI) here on Thursday as a reference for investors in sharia shares.

BEI president director Ito Warsito said he hoped the index could become a main indicator that reflects the entire performance of sharia shares listed in BEI. (full story)

CAPITAL MARKETS - IDX launches first sharia equities index

The Indonesia Stock Exchange (IDX) has officially launched Indonesia’s first sharia-compliant equities index, with the blessing of the Indonesian Ulema Council (MUI).

The Indonesia Sharia Stock Index (ISSI) was officiated on Thursday by IDX president director Ito Warsito and MUI deputy chairman Ma'ruf Amin. (full story)

CAPITAL MARKETS - IDX Prepared to Unveil Its First Shariah Equities Index

The Indonesia Stock Exchange plans to launch its first index of Shariah-compliant companies next week as part of efforts to diversify the country’s investor base and attract more investment from the Middle East.

The Indonesian Shariah Stock Index is expected to make its debut on Wednesday.  (full story)

CAPITAL MARKETS - Islamic securities attract more interests - Islamic stock trading infrastructure needs to develop

JAKARTA: Indonesia Stock Exchange (BEI) is responding to investors\' huge interests in the Islamic capital market by considering grouping 198 Islamic stocks into one special index group.

Director of Development at BEI Friderica Widyasari Dewi revealed BEI wanted to develop the Jakarta Islamic Index (JII) to not only cover 30 blue-chip Islamic stocks.