INDONESIA - BANKING - BJB Syariah Riawan Amin : Islamic banks should Synergize with Parent

WWW.REPUBLIKA.CO.ID, JAKARTA - In order to develop properly, Islamic banks need a synergy with its parent company. This synergy can be done through infrastructure and third party funds."What we want now is how to spend the capital as soon as possible," said Managing Director of Bank Jabar Banten Sharia (BJBS), A Riawan Amin, after a speaker in the National Symposium on Gold-based monetary system in Jakarta, Thursday (14/6).Capital spending is meant to develop the bank's business. To be able to grow, its market share of Islamic banks are still small companies need the help of its parent. If no master host to host between conventional and Islamic companies, it is difficult for Islamic banks to increase market share. (source)

INDONESIA - TAKAFUL - Shariah Bumida Target 70 Percent Premium Increase

WWW.REPUBLIKA.CO.ID, JAKARTA - Young Bumiputera (Bumida) Shariah target premium in the year 2012 amounting to Rp 52.25 billion. This number increased 70 percent compared to last year, which is Rp 30.92 billion.
"The growth we have achieved the last two years, we are optimistic can achieve 2012 target," said President Bumida, Mohammad Irsyad, told journalists on Monday (2/4).
According Irsyad, sharia potential has yet to fully handled. Market share is still in the position of sharia industry 4.9 percent. It is the ideal opportunity to expand the syariah Bumida still quite large.  (source)

INDONESIA - BANKING - BJB Sharia Tasikmalaya viewfinder Rp320 billion of assets

www.bisnis.com - Tasikmalaya: BJB Bank Syariah Tasikmalaya target asset growth of 45% from Rp221 billion to Rp320 originally billion.

Branch Manager of Bank Syariah Tasikmalaya BJB Wawan Irawan said to achieve the 2012 target invites parties to boost funding and strengthening of al funds with offices in the area of religious ministries, educational institutions, hospitals, RB Sharia and Islamic Micro Finance Institutions (LKMS).  (source)

INDONESIA - BANKING - Sharia Center Jabar inaugurated

BANDUNG: Deputy Governor of Bank Indonesia Sharia Halim Alamsyah Center inaugurated an office in West Java, Bandung BI.

BI leader Bandung Lucky Fathul Aziz Center Hadibrata say Sharia is a shared dream and a concern to improve the sharia in West Java.  (source)

INDONESIA - BANKING - Last year Islamic banking grew 40 %

JAKARTA: Indonesia optimistic about the growth of Bank of the Islamic banking industry in 2012 is still above 40%, although overshadowed by the national economic slowdown caused by the global crisis.
Some factors to driving industry growth is the performance of the newly established Islamic bank in 2010, the birth of new Islamic banks, to the penetration of foreign capital.
Mulya Siregar, Director Islamic Banking Bank Indonesia (BI) is optimistic the industry assets will grow over 40% by looking at the development of a number. Islamic banks which stood since 2010.  (source)

INDONESIA - BANKING - Shariah Banks Doing Booming Business

The rapid expansion of Shariah banks in Indonesia paved the way for Shariah loans to increase by almost half in the first six months of the year, Investor Daily reported on Saturday, quoting a central bank director.

Mulya Siregar, director of Shariah banking at Bank Indonesia, said on Friday that Shariah loans rose 49 percent to Rp 83 trillion ($9.8 billion) through June, from the same period last year. He also said the Shariah financing-to-deposit ratio was at 95 percent.  (source)

MICRO FINANCE - Bank Jabar Banten Syariah supports Induk Koperasi Syariah (Inkopsyah) BMT in IDR11 billion (US$1.2 million) musharakah scheme

Didik Hadisunaryo dan Amin Azis

Bekasi, (31/1). Untuk mengembangkan pembiayaan di sektor mikro, Bank Jabar Banten Syariah (BJBSyariah) menjalin kerjasama dengan Induk Koperasi Syariah (Inkopsyah) BMT dengan jumlah Rp 11 miliar. Penyaluran tersebut dilakukan kedua belah pihak dengan skim musyarakah dengan  pembagian jumlah  modal Rp 10 miliar dari BJBSyariah dan Rp 1 miliar dari Inkopsyah. (source)

BANKING - Sharia banks’ assets grow by nearly 45%

The total assets of sharia banks rose by nearly 45 percent during the first nine months of this year after several banks split their shariah banking divisions into separate banks.

Bank Indonesia (BI) director for sharia banking Mulya Siregar said Wednesday that up to September of this year, sharia banking assets reached Rp 85.9 trillion (US$9.6 billion), up 43 percent compared to that recorded in September of last year.