INDONESIA - REGULATIONS - Sharia financing imposed with same tax as conventional

JAKARTA: The government affirms the taxation for sharia financing to match with the regulation for conventional one.

As stated in Finance Minister Regulation No. 137/PMK.03/2011, leasing based on Islamic principles (ijarah and ijarah muntahiyah bittamlik) will be imposed with tax the same as operating lease and financial lease.  (source)

INDONESIA - BANKING - BRI Syariah Books Rp 23 B Net Income

indonesiafinancetoday.com - JAKARTA (IFT) – PT BRI Syariah, a subsidiary of PT Bank Rakyat Indonesia Tbk (BBRI), posted a net income of Rp 23 billion in January to September 2011. The net income surged (source)

INDONESIA - BANKING - BNI Syariah earned income Rupiah 52 M (198 % increase)

Jakarta (18 / 7) - In late June 2011, Bank Negara Indonesia (BNI) Sharia show good financial performance. Proved 30 June 2011, BNI Syariah obtain a net profit worth 52 billion and record profit increase of 198 percent compared to June 2010 earnings are still 53 billion loss. "Thank God we were able to achieve 50% of the 2011 profit target of 100 billion," said Director Main BNI Syariah, Rizqullah quoted a press release pkesinteraktif.com receive. (source)