INDONESIA - BANKING - Distributes Funding BSM Rp39, 93 trillion

www.investor.co.id - JAKARTA-Bank Syariah Mandiri (BSM) financing channel for Rp39, 93 trillion by the end of June 2012, up 32.85 percent over the same period in 2011 amounting to Rp30, 06 trillion.
"Financing is a source of income for margins and results of the largest profit contributor," said Managing Director of BSM Yuslam Fauzi current events and breaking fast gathering together in Jakarta, Monday (13/8).
BSM said Yuslam financing micro business sector focuses on small and medium enterprises (SMEs) which occupies a portion of 73.34 percent, while the share of corporate financing amounted to only 26.66 percent.
"In the previous period, the portion of the financing is greater to the corporation, but the current and future we will pay more attention to SMEs," he said. (source)

INDONESIA - BANKING - Syariah Mandiri Bank Profit Up 47%

www.investor.co.id - JAKARTA - PT Bank Syariah Mandiri (BSM) recorded a net profit of Rp 396.84 billion in the first half of 2012, growing 47% over the same period last year valued at Rp 270 billion. Margin and revenue sharing to be the largest contributor to the increase in net income.
Director of Finance BSM Fanani Zainal said the revenue and margin for the BSM at the end of June 2012 reached Rp 2.24 trillion, up 24.81% over the same period last year amounted to Rp 1.79 trillion. "Our financing is channeled up 32.85% from Rp 30.06 trillion to Rp 39.93 trillion," Zainal said at a press conference at Wisma exposure to the performance of BSM Mandiri, Jakarta, Monday (13/8).  (source)

INDONESIA - BANKING - BRI Syariah focus on small economy

www.investor.co.id - JAKARTA-Bank intends to encourage BRISyariah lower middle-class economy with a range of services according to customers' needs.
"We want to always lift the economy down people by supporting their efforts in order to grow," said Director of PT. Bank BRISyariah Moch. Hadi Santoso, BRISyariah Headquarters, Jakarta, Thursday (9/8).
Hadi explained that it had teamed up to deliver small loans to cooperatives and BMT are spread throughout Indonesia.
He admitted that in a way that facilitates SMEs to manage their funds either in the form of deposits or loans.  (source)

INDONESIA - BANKING - Post the Syariah Bukopin Asset Rp3, 16 Trillion

www.investor.co.id - JAKARTA-Islamic Bank Bukopin (BSB) had total assets amounting to Rp3, 16 trillion per semester of 2012, up 41.66% over the same period of 2011 amounting to Rp2, 23 trillion.
"We are in stable condition and was supported at all on the performance of the banking system. Kededapannya we expect will continue to grow," said Director of BSB Riyanto now open along here on Thursday.
Riyanto explained BSB profit increased by 50% year on year (yoy) to 9 billion in 2012 from the semster I Rp6 billion in the same period of 2011.  (source)

INDONESIA - BANKING - Sharia will PermataBank Fund in Car Segment

www.investor.co.id - JAKARTA-Islamic PermataBank will do the financing on four-wheeled motor vehicle segment starting second semester of 2012 because it saw an opportunity in that segment.
"So far we have only done two-wheeler financing. Perhaps this second half we got into a four-wheel because we see there are opportunities there," said Chief Syariah PermataBank, Ahmad K Permana in Jakarta, Wednesday (8/8).
He said the motor vehicle financing done in collaboration with PT Astra International Tbk. Astra has been preparing for Islamic financing schemes for its clients.  (source)

INDONESIA - BANKING - Post the Shariah Asset PermataBank Rp7, 65 Trillion

www.investor.co.id - JAKARTA-Islamic PermataBank had total assets of Rp 7, 65 trillion in the first half of 2012, up 146% over the same period of 2011 amounting to Rp3, 16 trillion.
"The growth of these assets PermataBank cements our position as a business unit of Islamic Sharia in the Islamic banking industry of Indonesia during the first semester of 2012," said Chief Syariah PermataBank Achmad Permana K 1433 on the sidelines of the care of orphans and orphans in Jakarta, Wednesday (8/8) .
He said that Sharia PermataBank profit increased by 87 percent year on year (yoy) to Rp118 billion in the first half of 2012 from 63 billion in the same period of 2011.  (source)

INDONESIA - BANKING - Islamic Finance Industry Need Government Support

www.investor.co.id  - JAKARTA - Indonesia's Islamic financial industry can go fast if it gets government support. With its potential, the Islamic financial industry in the country can shift the Islamic industry in Iran, Malaysia and other countries in the Middle East. Until the first half of 2012, total assets of Islamic financial industry nationwide reach Rp 285 trillion.
This is expressed by the Executive Director of Islamic Banking Bank Indonesia (BI) Eddy Setiadi and Chairman of the Board of the National Islamic Council of Ulama Indonesia (DSN-MUI) KH Ma'ruf Amin when delivering a speech at the conferment ceremony Investor magazine Best Syariah 2012 in Jakarta, Wednesday (8 / 8).  (source)

INDONESIA - AWARDS - INVESTOR magazinegive Institutions & Products Awards Best Syariah 2012

www.investor.co.id - JAKARTA-Investor magazine again awarded best Islamic or Sharia Best Awards 2012 for best Islamic financial institution 10, 11 Islamic financial products and the best three Islamic leaders.
 At the awarding ceremony of Sharia Investor Award 2012 in the Ballroom, Hotel Aryaduta, Jakarta, Wednesday (8/8), PT Bank Syariah Mandiri (BSM) was crowned the best Islamic bank in 2012. Business unit of sharia (UUS) banking, Bank DKI tops in the category of UUS beraset above Rp 500 billion. For best UUS beraset below Rp 500 billion, won UUS SulSelBar Bank.
 Awards are also given for the best life insurance and general insurance islamic sharia best. Sinarmas MSIG Insurance branches of Sharia and Islamic branches Avrist Assurance business unit won an award as the best Islamic insurance. While the Sinar Mas branch of Islamic Insurance and Islamic Insurance as general manager of Mega branches of general insurance business units best branch of sharia. National Reinsurance while Indonesia won the award for Best Islamic reinsurance branch.  (source)

INDONESIA - BANKING - Sharia PermataBank Post the assets of Rp 7.65 trillion

www.investor.co.id - JAKARTA - Islamic PermataBank had total assets of Rp 7.65 trillion in the first half of 2012, up 146 percent over the same period in 2011 amounting to Rp 3.16 trillion.
"The growth of these assets PermataBank cements our position as a business unit of Islamic Sharia in the Islamic banking industry of Indonesia in the first half of 2012," said Chief Syariah PermataBank Achmad Permana K 1433 on the sidelines of the care of orphans and orphans here on Wednesday.
He said that Sharia PermataBank profit increased by 87 percent year on year (yoy) to Rp 118 billion in the first half of 2012 compared to USD 63 billion in the same period of 2011. (source)

INDONESIA - CAPITAL MARKETS - State Government Selling Rp540 Billion Sukuk

www.investor.co.id - JAKARTA - The government sold the state sukuk amounting to Rp540 billion to meet part of the 2012 state budget targets. The amount is greater than the indicative target of Rp500 billion in the previous set.
A press release Directorate General of Debt Management, Ministry of Finance on Wednesday said the country's sukuk sale by auction on Tuesday (7/8) in which the bids of the five countries offered sukuk series reached Rp1, 93 trillion.
Five countries that auctioned sukuk series is SPN-S08022013, PBS001, PBS002, PBS003, and PBS004. (source)

INDONESIA - BANKING - OJK Must Keep Developing Islamic Banking

www.investor.co.id - JAKARTA - Economic Observer Indonesian Institute of Sciences (LIPI) Eko Agus said the Financial Services Authority (OJK) as the new financial industry oversight should try to improve the prudential aspects of the Islamic banking business, while maintaining growth in the financial industry."Currently the number of Islamic banking is only about 20 to 30% of total national banking system, so the OJK should keep trying to push the performance of Islamic banking to be able to advance the financial industry, while maintaining the aspect of prudence," he said when contacted here on Tuesday .He said that Indonesia adheres to the dual banking system is a conventional bank and islamic bank, so that the OJK must provide supervision equal portions of both the financial industry is like a Bank Indonesia has done so far.  (full story)

INDONESIA - CAPITAL MARKETS - BNI Securities Shariah Stock Transactions Volume Runway

www.investor.co.id - JAKARTA - PT Bank Negara Indonesia (BNI) Securities expect volume growth of Islamic capital market transactions based on transaction volume to compensate for the reduction of conventional stocks are predicted to decline 30 percent in 2012.
"We are targeting growth in transaction volume by 20 percent share of sharia in the year. BNI Securities expect the increase to cover the decline in conventional stocks," said Director Jimmy Nyo BNI Securities in Jakarta on Tuesday.
Jimmy reveals that the average transaction is a unit of PT Bank Negara Indonesia Tbk until the first half of 2012 in the position of USD 150-170 billion per day, down from last year's Rp 190 billion per day.  (source)

INDONESIA - BANKING - Sharia financing will Reaches Rp15 Trillion 2012

www.investor.com.id - JAKARTA - Islamic banking analyst estimate financing Adiwarman Karim Anwar Islamic finance industry will increase to Rp15 trillion in 2012, because the rules limit the application of the down payment (DP) of motor vehicle loans for conventional financial industry.
"With the presence of a motor vehicle loan payment for conventional banking, the Islamic bank financing would be an alternative for people to get loans," said Adiwarman told Reuters when contacted here on Saturday.
Adiwarman explained, prior Regulation of Bank Indonesia and the Minister of Finance regarding the payment of motor vehicle loans in the conventional financial industry applied, advance credit limit of a motor vehicle in the conventional banking is only five percent of the total price of the vehicle. While the Islamic banking by 10 to 15%.  (source)

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 - CIMB Niaga Syariah channels 4 Multifinance Rp 3.24 T

www.investor.co.id - JAKARTA - shariah business unit of PT Bank CIMB Niaga Tbk (CIMB Niaga Syariah) provides working capital financing facilities Rp 3.24 trillion to four Multifinance, use jack channeling financing industrial consumption. Fourth Multifinance is PT CIMB Niaga Auto Finance, PT Federal International Finance (FIF), PT Adira Finance Tbk Multi Dynamics, and PT Mandala Auto Finance.
Head of CIMB Niaga Syariah Banking expressing U Saefudin Noer, respectively sequentially funding Rp 2 trillion, Rp 600 billion, Rp 450 billion, and Rp 190 billion.
"At first, financing consumption can only be done on sharia branch offices. However, now we have been able to channel the late mortgage center, office channeling, and also Multifinance, "said he at Financial Graha, Jakarta, Thursday (5/7).  (source)

INDONESIA - CAPITAL MARKETS - Government Issuing Sukuk Haji Rp2 trillion

www.investor.co.id - JAKARTA - The government issued a sukuk fund amounting to Rp2 trillion pilgrimage to meet the target of most of the 2012 state budget, through the two series A and series SDHI 2015 2020 SDHI B.
Written statement of the Directorate General of Debt Management, Ministry of Finance on Thursday, said the issuance of sukuk pilgrimage through the Haj Fund placements managed by the Ministry of Religious Affairs at the Islamic securities (SBSN) or sukuk country.
Hajj is the placement of funds into the state sukuk using the method of the issuance of private placement securities without going through the initial offering, for buyer and a certain amount.  (source)

INDONESIA - BANKING - Add Shariah Capital PermataBank Rp 325 Billion

www.investor.co.id - JAKARTA - Bank Syariah business unit of gems, PermataBank Shariah, the capital increase amounting to Rp 325 billion in June 2012 from the parent company. "With the increase in financing activities, after the capital of Rp 445 billion and Rp 325 billion plus, and our capital about Rp 770 billion," said the Head of Syariah Business Unit gems K Achmad Permana in Jakarta, Friday.  (source)

INDONESIA - RATNGS - Fitch rates Bank Mualat A (idn)

www.investor.co.id - JAKARTA - Rating agency Fitch Ratings assign ratings (rating) Long-term Indonesia Tbk, PT Bank Muamalat at level A (idn) with a stable outlook, as well as subordinate debt rating at BBB level (idn).
Fitch assessed, the possibility is supported by the State Bank Muamalat is very small, because the bank already has a symbolic role in the development of Islamic banking in Indonesia. On the other hand, Fitch recognizes Muamalat assets is still relatively small compared to the domestic banking sector.
Until late last year, Bank Muamalat has 25 percent share of the total assets of Islamic banking. However, when compared to the total domestic industry (including conventional bank assets), only 1.1 percent. (source)

INDONESIA - BANKING - BNI Syariah targets 140 new branches in 2012

www.investor.co.id - JAKARTA - PT BNI Syariah target has more than 140 offices service until the end of 2012 to realize the commitment of Islamic banks is close to the customer.
"We do extensification and intensification in the opening service office," said Director of BNI Syariah, Dinno Indiano Milad between the two banks were in the East Plaza Senayan Jakarta on Sunday.
At the end of 2012, BNI Syariah target has 11 branches, 20 BNI Syariah Motion Service (the car is equipped with ATM), 41 sub-branches, 11 cash offices and 60 micro outlets.
"Currently progressnya has reached about 80 percent," said Dinno.
He said, not every branch of conventional BNI can serve syariah so that BNI Syariah still have to develop a number of separate branches.  (source)

INDONESIA - CAPITAL MARKETS - Government Auction Sukuk Rp1 Trillion

www.investor.co.id - JAKARTA - The government will sell securities in Islamic countries (SBSN) or sukuk countries through an auction on June 26, 2012 with a total indicative Rp1 trillion.
Written statement of the Directorate General of Debt Management, Ministry of Finance on Wednesday, said the sukuk sale of the country to meet part of the national budget financing target in 2012.
There are four series of the sukuk to be auctioned is PBS001, PBS002, PBS003, and PBS004. Four series of project-based sukuk is the resale of the state budget.
PBS001 maturing February 15, 2018 in exchange for 4.45%. PBS002 maturing January 15, 2022 in exchange for 5.45%. PBS003 maturing January 15, 2027 in exchange for 6.00%. While PBS004 maturing February 15, 2037 in exchange for 6.10%. (source)