INDONESIA - BANKING - BNI Syariah Transaction Card Hasanah Jumped 35 Percent

REPUBLIKA.CO.ID, JAKARTA - Transaction card financing (credit) BNI Syariah, Hasanah Card, experienced a drastic surge during August 2011. Subsidiary of PT BNI these transactions recorded an increase of 35 percent of the months usually.

According to Director of Business BNI Syariah, Bambang Widjanarko, total transactions grew to $ 54 billion. "In transactions are usually only about Rp 40 billion," he told Reuters on Tuesday (20 / 9). (source)

INDONESIA - PAWN BROKING - Pegadaian records 20% increase in pawn transactions

State pawn shop operator Perum Pegadaian recorded a 20 percent increase in transactions in August, ahead of the Idul Fitri holidays, compared with the previous month.

“Compared with before Lebaran [Idul Fitri], the pawn transactions rose by up to 20 percent,” Perum Pegadaian managing director Suwhono said Friday in Jakarta. (source)

INDONESIA - ZAKAT - BMI distributes Rp million 5.6 in Zakat

REPUBLIKA.CO.ID, YOGYAKARTA - Muamalat Indonesia (BMI), along Baitulmaal Muamalat (BMM) before Lebaran 1432 H is distributing zakat Rp 5.6 billion. These funds have been distributed to all mustahik in Indonesia, including in Yoyakarta.

"We want to share with those in need. Muamalat as business institutions should not forget its social function, "said Branch Manager Branch BMI Yogyakarta, Hery Wahyudi, Tuesday (23 / 8). The division of funds is done through programs Sahur, Buka and Lebaran (SBL) BMI throughout Indonesia. (source)

INDONESIA - CAPITAL MARKETS - Sharia Commodity Ready After Lebaran

Jakarta (9 / 8) - Now a variety of financial institutions and companies have an alternative transaction in commodity futures exchange that is commodity-based sharia. this fatwa following the legalization of number 82 on Trade by Commodity Based on Sharia Principles of National Islamic Council (DSN)-Indonesian Ulema Council (MUI). (source)

INDONESIA - BANKING - Bank Bukopin Syariah ready to manage Haji funds

REPUBLIKA.CO.ID, JAKARTA - PT Bank Syariah Bukopin Hajj claimed to be ready to manage funds. Director of Syariah Bukopin, Riyanto, said that the licensing process is being completed and likely to be obtained next year.

''Our view is supposed to funds managed Hajj Islamic banks,''he said. ''This is also the hope of most of the Islamic banking industry.'' (source)

INDONESIA - BANKING - BI prepares cash for Ramadan and Idul Fitri : Rp 61.36 trillion

JAKARTA - Bank Indonesia (BI) estimates money demand during the fasting period of Ramadan and Lebaran in 2011 amounting to Rp61, 36 trillion, an increase of Rp 6, 57 trillion, about 12% over the previous year realization of the need for Rp54, 78 trillion.

BI Deputy Governor Ardhayadi Mitroatmodjo here on Thursday said to meet that need, then the Bank has prepared a national inventory of cash until the end of July for Rp123, 39 trillion, consisting of large denominations of money Rp106, 86 trillion and the money of small denominations Rp16, 53 trillion. (source)

INDONESIA - PAWNING - BANDUNG: PT Bank BRI Syariah Branch Office Bandung Parent targeting gold pawning transaction value could reach up to Rp47 billion in December 2011.

KCI leaders Sharia BRI Bandung Rois.M Ijon said it is optimistic that the target is reached because of the performance pledge of gold in semester 1 / 2011 shows a positive trend.

"Outstanding transactions until the beginning of the semester has been reached Rp32 billion," Rois said today. (source)