INDONESIA - FINANCE - 75% of fund Management of Islamic Hajj

Jakarta (11 / 7) - Dana pilgrims who are in government now began a dominant run by sharia. The data was recorded last June was 75% of the funds contained in the existing Hajj Islamic instruments.

Director of the Ministry of Religious Pilgrimage Fund Management, Drs.H. Achmad Djunaidi revealed that the greatest pilgrimage funds contained in sukuk. "Now 75 percent of the sharia, 25 percent in conventional banks. Most of the funds contained in the sukuk about 60 percent, "he said. (source - google translate)

INDONESIA - BANKING - Kaltim Sharia Banking Market Share Reaches 5 Percent

REPUBLIKA.CO.ID, BONTANG - market share (market shared) Islamic banking in East Kalimantan reached five percent. This figure is greater than the national market share of Islamic banks by 3.4 percent.
According to the Area Manager Muamalat Indonesia (BMI) Kalimantan region, Hasmal Sunadi, East Kalimantan people are more familiar with the concept of Islamic banking. Enthusiasm''very large community,''he told Reuters on Tuesday (28 / 6). (source)

VIDEO - BRANKAS BANK MEGA SYARIAH DIRAMPOK

Video here or hereunder.

BANKING - Assets of Sharia banks penetrates to IDR100 trillion

JAKARTA: The assets of sharia banks has penetrated IDR100 trillion by the end of December 2010 or grew beyond the expected target at the beginning of the year.

Deputy Director of Sharia Banking Directorate Bank Indonesia Mulya Siregar said that the asset has grown significantly within a month at the end of last year.

"Sharia banking assets jumped IDR7 trillion in December from IDR93 trillion in November, which showed the improvement of Sharia banking performance," he said, yesterday.

FINANCIAL MARKETS - Mega Syariah issues IDR300 billion bond

JAKARTA: PT Bank Syariah Mega Indonesia plans to issue IDR300 billion bond to support the expansion of corporate financing this year.

Director of Bank Mega Syariah Beny Witjaksono said the bond issuance to be conducted in quarter II/2011.

Currently, he said, the company’s capital adequacy ratio (CAR) is still within secured area at 12.4%.

“We still have no plan to add the capital in first quarter but it is possible that we will conduct bond issuance in second quarter,” he told Bisnis, yesterday.

ARTICLE - Cost Components as Predictors for the Profitability of Sharia Banks (Study on PT Bank Syariah Mandiri and PT. Bank Syariah Mega Indonesia)

Mokhamad Anwar - Cost Components as Predictors for the Profitability of Sharia Banks (Study on PT Bank Syariah Mandiri and PT. Bank Syariah Mega Indonesia) 

ARTICLE - Cost Structure in Indonesian Islamic Banks: Case on PT. Bank Syariah Mandiri and PT. Bank Syariah Mega Indonesia

Mokhamad Anwar - Cost Structure in Indonesian Islamic Banks: Case on PT. Bank Syariah Mandiri and PT. Bank Syariah Mega Indonesia