www.kontan.co.id - JAKARTA. After a three-month slide, gold pawn restriction rules taking effect for the Islamic banking industry. Bank with a portfolio of gold pawn is too high, posting a decline in financing during the first half of 2012. Meanwhile, a new Islamic bank in business, enjoying a fantastic surge in financing nan.
BRI Syariah, BNI Syariah, and Bank Syariah Mandiri, including a slowdown. In addition to their gold financing business was suspended, the three largest Islamic bank is also no longer jor-rod. According
beleid BI, bank financing may only deliver a maximum of 20% gold of the
total financing or a maximum of 150% of bank capital. (source)
Showing posts with label kontan. Show all posts
Showing posts with label kontan. Show all posts
Monday, August 13, 2012
INDONESIA - BANKING - Bank Syariah Mandiri ready for IPO in 2014
www.kontan.co.id - JAKARTA. PT Bank Syariah Mandiri (BSM) is ready to take the floor at the Indonesia Stock Exchange (BEI). Managing Director of BSM Yuslam Fauzi said, the release of BSM is reviewing options IPO (IPO) in 2014.
"Everything is in the process," he said when met at the Bapepam-LK, Thursday (9/8). He said the IPO scheme is the domain of the majority shareholder of PT Bank Mandiri Tbk (BMRI).
"BSM is ready to go public. Moreover, if the parent is thinking at this time," he explained. (source)
"Everything is in the process," he said when met at the Bapepam-LK, Thursday (9/8). He said the IPO scheme is the domain of the majority shareholder of PT Bank Mandiri Tbk (BMRI).
"BSM is ready to go public. Moreover, if the parent is thinking at this time," he explained. (source)
Thursday, August 09, 2012
INDONESIA - FINANCE - DP hit, move to sharia financing FIF
www.kontan.co.id - JAKARTA. PT
Federal International Finance (FIF) is planning to increase the share
of contribution of Islamic finance in the second semester. If
throughout the first half ago, the composition of Islamic finance in
the new FIF 10%, then in the second semester, FIF target of Islamic
finance contributing 50% of the total value of financing.
Suhartono, Director of FIF admitted it lost market share with a DP below 10% when the market demand for a down payment (DP) is still relatively high cost. Do not want to finance the motor continues to decline, then change the composition of the FIF 50% financing from conventional and 50% of the sharia. Of the target unit motorcycle financing as much as 560 000 units, nearly half are from Islamic.
"The demand for cheap DP FIF is still high at almost 30%. Therefore we provide a choice for Islamic finance," said Suhartono last night, Tuesday (31/7). (source)
Suhartono, Director of FIF admitted it lost market share with a DP below 10% when the market demand for a down payment (DP) is still relatively high cost. Do not want to finance the motor continues to decline, then change the composition of the FIF 50% financing from conventional and 50% of the sharia. Of the target unit motorcycle financing as much as 560 000 units, nearly half are from Islamic.
"The demand for cheap DP FIF is still high at almost 30%. Therefore we provide a choice for Islamic finance," said Suhartono last night, Tuesday (31/7). (source)
INDONESIA - FINANCE- After downpayment regulation, Multi Finance became backbone of Islamic finance
www.kontan.co.id - JAKARTA. After the enactment of the rules of deposit or down payment (DP) in multi-vehicle loans by 20% -25%, the finance company menggeber Islamic services. In fact, the main stronghold of Islamic finance business.
At PT Adira Multifinance (Adira Finance), has a new business unit of sharia (UUS) since mid-June 2012. Nevertheless, only a month to operate a direct channel of financing of about USD 20 billion in loans motorcycles and cars. "Now the new UUS concentrated in Greater Jakarta, but the future will be spread to other areas that could contribute 10% of the company's business," said Willy S. Dharma, Director of Adira Finance, yesterday. (source)
At PT Adira Multifinance (Adira Finance), has a new business unit of sharia (UUS) since mid-June 2012. Nevertheless, only a month to operate a direct channel of financing of about USD 20 billion in loans motorcycles and cars. "Now the new UUS concentrated in Greater Jakarta, but the future will be spread to other areas that could contribute 10% of the company's business," said Willy S. Dharma, Director of Adira Finance, yesterday. (source)
Tuesday, July 31, 2012
INDONESIA - TAKAFUL - Syariah Mandiri Axa underwriting surplus of USD 3 M
www.kontan.co.id - JAKARTA. PT
AXA Mandiri Financial Services (AXA Mandiri) recorded a surplus
underwriting Takaful fund of Rp 3.068 billion at the end of 2011 then. Underwriting surplus funds derived from the contributions of participants in a fund managed by AXA Mandiri tabarru.
"Funds AXA Mandiri tabarru 2011 shows a fairly good growth so that we can record underwriting surplus at the end of 2011. This was supported by AXA Mandiri risk management policies, "said Chief Financial Officer of AXA Mandiri Iwan Pasila KONTAN in a release received on Tuesday (31/7). (source)
"Funds AXA Mandiri tabarru 2011 shows a fairly good growth so that we can record underwriting surplus at the end of 2011. This was supported by AXA Mandiri risk management policies, "said Chief Financial Officer of AXA Mandiri Iwan Pasila KONTAN in a release received on Tuesday (31/7). (source)
Saturday, July 21, 2012
INDONESIA - TAKAFUL - Allianz Life achieved a lot of premium Sharia
www.kontan.co.id - JAKARTA. Sharia (UUS) PT Allianz Life Indonesia continued to record good performance over time. The
transistor feat Armed with that, management also plans to become a
legal entity separate UUS itself (spin off) in order to loose the
business space.
Throughout the first half of 2012, Allianz Life Syariah collect Rp 269 billion in gross premiums, grew 44% from the same period last year to Rp 186.6 billion. This figure means that 53% of the target year 2012 amounting to Rp 500 billion. (source)
Throughout the first half of 2012, Allianz Life Syariah collect Rp 269 billion in gross premiums, grew 44% from the same period last year to Rp 186.6 billion. This figure means that 53% of the target year 2012 amounting to Rp 500 billion. (source)
INDONESIA - BANKING - Bank Danamon shariah unit to inject capital
www.kontan.co.id - JAKARTA. Bank
Danamon Indonesia will increase its capital to Danamon Syariah worth Rp
344 billion, so that at the end of 2012 the total capital increased to
Rp 500 billion. This cash infusion to maintain a capital adequacy ratio or capital adequacy ratio (CAR) at position 12%.Danamon Syariah this year targeting business growth of 30%. If no additional capital, the CAR at 12% level by the end of June 2012, could be eroded again. "Therefore,
the holding company is committed to increase its capital to $ 344
billion. Was to maintain the CAR at this time," said Herry Hykmanto,
Director of Danamon Syariah, a few days ago. (source)
Friday, July 20, 2012
INDONESIA - TAKAFUL - Allianz Life premium income up 44% of Sharia
www.kontan.co.id - JAKARTA. During the first half of 2012, the performance of PT Allianz Life Syariah bright. This insurance company had a premium of Rp 269 billion or an increase of 44% over the same period last year. Nearly 97% of premium income derived from products unitlink.
While the contribution of agency lines reached 89% of total premium Sharia. The number of agents certified Sharia Allianz Life 6300 people. Until late 6600 the number of agents targeted Islamic people.
Kiswiati Soeryoko, Chief of Sharia and Corporate Communications Officer of Allianz Life Indonesia confirms, the contribution of bancassurance also showed an increase. Throughout the first half, bancassurance contributes 9%. (source)
While the contribution of agency lines reached 89% of total premium Sharia. The number of agents certified Sharia Allianz Life 6300 people. Until late 6600 the number of agents targeted Islamic people.
Kiswiati Soeryoko, Chief of Sharia and Corporate Communications Officer of Allianz Life Indonesia confirms, the contribution of bancassurance also showed an increase. Throughout the first half, bancassurance contributes 9%. (source)
Tuesday, July 03, 2012
INDONESIA - FINANCE - After downpayment rule : Islamic finance companies broke
www.kontan.co.id - JAKARTA. Islamic
finance company's business concept of profit after finance ministers
enforcement of regulations (PMK) about the deposit or down payment (DP)
of motor vehicle loans at finance companies two weeks ago. Customer
loans are increasingly interested in taking a motor vehicle through a
scheme based on Islamic law, because the DP is more expensive than the
conventional multi.
Al Ijarah Indonesia Finance (ALIF) for example, closing a fantastic jump in performance in June. Amount of financing in June 2012 reached Rp 130 billion, growing at about 85% over the same period last year. Of that amount, 60% came from the motorcycle. Hoist the total amount of financing that it has reached Rp 1 trillion in May 2012. "After the DP rule applies, our financing grew 38% every day," said Efrinal Sinaga, Director of Al-Ijarah, last week. (source)
Al Ijarah Indonesia Finance (ALIF) for example, closing a fantastic jump in performance in June. Amount of financing in June 2012 reached Rp 130 billion, growing at about 85% over the same period last year. Of that amount, 60% came from the motorcycle. Hoist the total amount of financing that it has reached Rp 1 trillion in May 2012. "After the DP rule applies, our financing grew 38% every day," said Efrinal Sinaga, Director of Al-Ijarah, last week. (source)
Wednesday, June 27, 2012
INDONESIA - REGULATIONS - BI tightened sanctions fit & proper test Islamic banking
www.kontan.co.id - JAKARTA. Bank
Indonesia (BI) issued new rules to tighten sanctions and consequences
for those who did not pass the fit and proper test (Fit & Proper
Test) Islamic Banking and Sharia.
Beleid 14/6/PBI/2012 a numbered regulation is mentioned, the period of sanctions was not associated with the actions that assessed the impact of the loss or potential loss of Islamic banks, but were associated with the type and frequency of offenses committed. In addition, there is an increase for the period of sanctions that do not comply with the Graduated no consequence.
Assessment is divided into two. Controlling Shareholders (PSP) BI is based on integrity and financial viability for the Controlling Shareholders (PSP). While for the Board of Commissioners, Board of Directors, Director of UUS, Leader of Foreign Bank Representative Office, and Executive Officers of the criterion is integrity, competence and financial reputation. (source)
Beleid 14/6/PBI/2012 a numbered regulation is mentioned, the period of sanctions was not associated with the actions that assessed the impact of the loss or potential loss of Islamic banks, but were associated with the type and frequency of offenses committed. In addition, there is an increase for the period of sanctions that do not comply with the Graduated no consequence.
Assessment is divided into two. Controlling Shareholders (PSP) BI is based on integrity and financial viability for the Controlling Shareholders (PSP). While for the Board of Commissioners, Board of Directors, Director of UUS, Leader of Foreign Bank Representative Office, and Executive Officers of the criterion is integrity, competence and financial reputation. (source)
INDONESIA - RATINGS - Fitch confirms ratings of Bank Muamalat A
www.kontan.co.id - JAKARTA. Fitch
Ratings affirmed the National Long-Term ratings of PT Bank Muamalat
Indonesia Tbk at level A with a stable outlook and ratings at BBB
Muamalat subordinated bonds.
The ranking reflects Fitch's view of the limited opportunities of government support, providing Muamalat symbolic role in the development of Islamic banking in Indonesia. It also highlights assets that are small compared Muamalat domestic banking sector.
Fitch assess the weakness of government support for the bank could have a negative effect for rating Muamalat. Meanwhile, for the ranking of subordinated bonds, according to Fitch that could trigger a decline in lending was aggressive. Especially when affecting the asset quality deterioration and weakening of the capital. (source)
The ranking reflects Fitch's view of the limited opportunities of government support, providing Muamalat symbolic role in the development of Islamic banking in Indonesia. It also highlights assets that are small compared Muamalat domestic banking sector.
Fitch assess the weakness of government support for the bank could have a negative effect for rating Muamalat. Meanwhile, for the ranking of subordinated bonds, according to Fitch that could trigger a decline in lending was aggressive. Especially when affecting the asset quality deterioration and weakening of the capital. (source)
Monday, June 25, 2012
INDONESIA - BANKING - CIMB Niaga launches Islamic money market transactions
www.kontan.co.id - JAKARTA. PT Bank CIMB Niaga through sharia business unit, CIMB Niaga Syariah ready to launch the Islamic money market transactions (SATISFIED), the Certificate of Commodity Trading Interbank Based on Sharia Principles (Sika).
Readiness is supported by the terms of Bank Indonesia to CIMB Niaga 14/137/DPM numbers on June 14, 2012 which affirmed the instrument permits the use of Sika SATISFIED.
"The exit of DSN-MUI fatwa and circulars concerning Sika Bank CIMB Niaga Syariah make clear the firm launched the Islamic money market transactions with Sika instruments," said Director of Commercial Banking and CIMB Niaga Syariah Handoyo Soebali, Sunday (24/6). (source)
Readiness is supported by the terms of Bank Indonesia to CIMB Niaga 14/137/DPM numbers on June 14, 2012 which affirmed the instrument permits the use of Sika SATISFIED.
"The exit of DSN-MUI fatwa and circulars concerning Sika Bank CIMB Niaga Syariah make clear the firm launched the Islamic money market transactions with Sika instruments," said Director of Commercial Banking and CIMB Niaga Syariah Handoyo Soebali, Sunday (24/6). (source)
Wednesday, June 20, 2012
INDONESIA - REGULATIONS - Hadad (MES) choosen as head OJK
www.kontan.co.id - JAKARTA. All members of the Commission XI of the House of Representatives (DPR) has selected unanimously Muliaman D. Hadad as Chairman of the Board of Commissioners the Financial Services Authority (OJK DK). Hadad
was elected unanimously by the 52 members of the House Commission XI
meeting following the election of a chairman and a member of DK OJK.
A total of nine factions to choose Muliaman D. Hadad is unanimous. "The chairman was chosen by acclamation," said Commission Chairman XI Emir Moeis in front of all trial participants. DK OJK conclave was held closed. Meanwhile, the election of six members of the Security Council OJK still going to vote or voting. (source)
A total of nine factions to choose Muliaman D. Hadad is unanimous. "The chairman was chosen by acclamation," said Commission Chairman XI Emir Moeis in front of all trial participants. DK OJK conclave was held closed. Meanwhile, the election of six members of the Security Council OJK still going to vote or voting. (source)
Saturday, June 16, 2012
INDONESIA - BANKING - Bank profits rose 314% Permata Sharia
www.kontan.co.id - JAKARTA. Jewels
Islamic Bank profit up to the first quarter of 2012 surged by 314% to $
58.5 billion compared to same period last year amounted to Rp 14.1
billion. This growth is in line with operational performance improvement Permata Bank Syariah until March 2012.
Operating income rose 310% to $ 59.6 billion in the first quarter of 2012 driven by growth in net margin income and other operating income.
Bank financing, grew 151% from Rp 1.58 trillion in March 2011 to Rp 3.98 trillion in March 2012. Total assets on a consolidated basis in the first three months of 2012 reached Rp 7.01 trillion, up 166% yoy of the previous year amounting to Rp 2.64 trillion. (source)
Operating income rose 310% to $ 59.6 billion in the first quarter of 2012 driven by growth in net margin income and other operating income.
Bank financing, grew 151% from Rp 1.58 trillion in March 2011 to Rp 3.98 trillion in March 2012. Total assets on a consolidated basis in the first three months of 2012 reached Rp 7.01 trillion, up 166% yoy of the previous year amounting to Rp 2.64 trillion. (source)
Wednesday, June 06, 2012
INDONESIA - BANKING - ISLAMIC BANK RULES This golden rule of financing in Islamic banks
www.kontan.co.id - JAKARTA. Bank
Indonesia (BI) has given the green signal for Islamic banks to provide
financing ownership of gold products (PKE) using a murabaha contract
(sale and purchase in installments). However, some rules must be met in order not subject to sanctions when the product is running. What is it?
Rules contained in the SE Number 14/16/DPbS about PKE BI launched late last month said the Sharia Bank or Sharia (UUS), which will distribute the products PKE must obtain prior approval from the BI.
"Sharia Bank or UUS shall report the realization of products PKE spending a maximum of 10 days after issuance of the PKE product," as stated in the SE signed by Deputy Governor of the Bank Halim Alamasyah. (source)
Rules contained in the SE Number 14/16/DPbS about PKE BI launched late last month said the Sharia Bank or Sharia (UUS), which will distribute the products PKE must obtain prior approval from the BI.
"Sharia Bank or UUS shall report the realization of products PKE spending a maximum of 10 days after issuance of the PKE product," as stated in the SE signed by Deputy Governor of the Bank Halim Alamasyah. (source)
INDONESIA - BANKING - Expansion of Foreign Banks in Indonesia Bank Sarasin to open the service in Indonesia
www.kontan.co.id - JAKARTA. Bank Sarasin & Co.. Ltd., began considering a plan to do business in Indonesia. Currently,
a special bank manage customer wealth of at least U.S. $ 2.7 million,
the newly opened representative office in Singapore to attract the rich
in Asia.
Renate Boerner, Marketing Communications Director of Bank Sarasin said it wanted to open a representative office in Indonesia to expand the market. The potential is promising, in line with the increasing number of wealthy people in this country. "But we are not going to realize in the near future," he said KONTAN met on Tuesday (5/6). (source)
Renate Boerner, Marketing Communications Director of Bank Sarasin said it wanted to open a representative office in Indonesia to expand the market. The potential is promising, in line with the increasing number of wealthy people in this country. "But we are not going to realize in the near future," he said KONTAN met on Tuesday (5/6). (source)
Sunday, June 03, 2012
INDONESIA - BANKING - QNB Bank Kesawan expand the market
www.kontan.co.id - JAKARTA. Arrival of new investors pushed QNB Bank Kesawan more aggressive expansion. Management set up an investment fund of Rp 150 billion to strengthen its business lines, and network marketing this year.
Divisions, a total of Rp 80 billion to improve the quality of core banking system began in June. The rest, to build about 23 new branches.The new office, among others, in Jakarta, Lampung, Palembang, Samarinda, Central Java, West Java and East Java. "Each new office spent approximately USD 3 billion," said Madi D. Blue, Director of QNB Kesawan yesterday.
Currently QNB Kesawan already operates services in 38 branches. Next year, management continued to expand the marketing network to have 200 branches by 2016. Previously, the new management moved the headquarters from Jalan Gajah Mada, Jakarta Pusat, the SCBD area, South Jakarta. (source)
Divisions, a total of Rp 80 billion to improve the quality of core banking system began in June. The rest, to build about 23 new branches.The new office, among others, in Jakarta, Lampung, Palembang, Samarinda, Central Java, West Java and East Java. "Each new office spent approximately USD 3 billion," said Madi D. Blue, Director of QNB Kesawan yesterday.
Currently QNB Kesawan already operates services in 38 branches. Next year, management continued to expand the marketing network to have 200 branches by 2016. Previously, the new management moved the headquarters from Jalan Gajah Mada, Jakarta Pusat, the SCBD area, South Jakarta. (source)
Thursday, May 31, 2012
INDONESIA - CAPITAL MARKETS - Sukuk Bank Muamalat yielding 9.5% -10.5%
www.kontan.co.id - JAKARTA. Sustainable Subordinated Sukuk Bank Muamalat Indonesia officially launched. Issuance of Sukuk rated A Pefindo this is the first stage with a value of Rp 500 billion with the results of 9.5% -10.5%.
"Sukuk has a term of 10 years with an option to buy in its fifth year," said the CEO of Bank Muamalat Arviyan Arifin, Wednesday (30/5) after the Public Expose Public Offering Sustainable Sukuk Bank Muamalat.
Sukuk is scheduled to be published in several stages with a total value of Rp 1.5 trillion. The initial offering period of the Subordinated Sukuk Mudharabah berakad is scheduled on May 30, 2012 - June 12, 2012. As for the public offering scheduled at 25 to 26 June 2012 with rationing on June 27, 2012. (source)
"Sukuk has a term of 10 years with an option to buy in its fifth year," said the CEO of Bank Muamalat Arviyan Arifin, Wednesday (30/5) after the Public Expose Public Offering Sustainable Sukuk Bank Muamalat.
Sukuk is scheduled to be published in several stages with a total value of Rp 1.5 trillion. The initial offering period of the Subordinated Sukuk Mudharabah berakad is scheduled on May 30, 2012 - June 12, 2012. As for the public offering scheduled at 25 to 26 June 2012 with rationing on June 27, 2012. (source)
Saturday, May 19, 2012
INDONESIA - TAKAFUL - Sales Takaful tightened
www.kontan.co.id - JAKARTA. In the near future, the sale of Islamic insurance products would be more orderly. Sharia Insurance Association of Indonesia (AASI) will be issued two guidelines to curb the marketing of insurance products. The policy includes guidelines for the certification agency and an insurance policy.
M. Shaifie, Chairman of AASI expressed, as long as many conventional insurance agents to market Takaful products. In fact, Islamic insurance products are very different from conventional insurance.
Without certification of AASI, there are potential concerns nasobah lack an adequate explanation for Islamic insurance products. "Marketing Takaful long as it's likely to be forced," said Shaifie, earlier this week.(source)
M. Shaifie, Chairman of AASI expressed, as long as many conventional insurance agents to market Takaful products. In fact, Islamic insurance products are very different from conventional insurance.
Without certification of AASI, there are potential concerns nasobah lack an adequate explanation for Islamic insurance products. "Marketing Takaful long as it's likely to be forced," said Shaifie, earlier this week.(source)
Sunday, May 13, 2012
INDONESIA - BANKING - BRI Syariah : Dutifully paid the debt, the debtor would be an incentive
www.kontan.co.id - JAKARTA. In
order to boost business growth in micro, small and medium enterprises
(SMEs), BRI Syariah will give incentives to customers who comply with
the payment before the debt matures. Incentives in the form of a reduction in bank interest margins or the public.
Magnitude of the pieces is not more than one percent, but this is better because BRI Syariah margin specified in the credit segment is relatively small.
BRI Syariah claimed its SME financing margin lower than that offered by most competitors. "Our margin of one percent per month or 12% per year for micro-enterprises, and 11% per year for small and medium enterprises," said Eko B Suharno, Director of BRI Syariah, a few days ago. (source)
Magnitude of the pieces is not more than one percent, but this is better because BRI Syariah margin specified in the credit segment is relatively small.
BRI Syariah claimed its SME financing margin lower than that offered by most competitors. "Our margin of one percent per month or 12% per year for micro-enterprises, and 11% per year for small and medium enterprises," said Eko B Suharno, Director of BRI Syariah, a few days ago. (source)
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