INDONESIA - BANKING - BI to Apply Minimum Down Payment Regulation to Islamic Banks

www.bisnis.com - JAKARTA: After a minimum down payment credit policy applied to conventional banks and multifinance since mid-June, Bank Indonesia will ensure to apply similar regulation to Islamic banking.

Bank Indonesia (BI) Islamic Banking Department Executive Director Edy Setiadi said the preparation of minimum down payment regulation for Islamic Bank needs more time because this type of bank has limited data resources compared to conventional banks.

"The principle is BI also has to make similar regulation for Islamic banks," he said yesterday (8/13).  (source)

INDONESIA - BANKING - Pawn Gold BNI Syariah Bukukan Rp250 M

WWW.REPUBLIKA.CO.ID, JAKARTA - Bank Negara Indonesia (BNI) Syariah chronicle gold mortgage financing to June of Rp250 billion. This amount is only half of the outstanding mortgage gold same period last year.
"Peak gold mortgage was in September last year," said Director of Business BNI Syariah, Imam T Saptono, last weekend. Outstanding mortgage gold September 2011 reached Rp750 billion.
Since releasing the order of Bank Indonesia at the end of February last few sharia bank gold mortgage financing declined. BNI Syariah acknowledge this funding is the lowest point in March 2012, ie Rp 220 billion.  (source)

INDONESIA - BANKING - Mortgage Financing Muamalat Add $ 2 T

WWW.REPUBLIKA.CO.ID, JAKARTA - Bank Muamalat take advantage of the momentum of high mortgage payment in the conventional banking which has been set mid-June. Although since early last year in home financing Muamalat is constantly increasing.
"From January has gone up to Rp 1.5 trillion," said Director of Retail Bank Muamalat, Adrian A Gunadi, Monday (2/7). Muamalat mortgage financing position now is Rp 4.5 trillion.
Adrian said the upward momentum of this deposit may be used as well as to conduct cooperation with several developers. Some developers are in the process of cooperation with the Bank Muamalat is Alam Sutera, Ciputra, Metropolitan Realty. This cooperation is expected to increase mortgage financing Muamalat and achieve the set targets.  (source)

INDONESIA - BANKING - Gold Mortgage CIMB Niaga Syariah Still Promising

WWW.REPUBLIKA.CO.ID, JAKARTA - PT Bank CIMB Niaga Tbk through units of CIMB Niaga Syariah Court, continued to expand its mortgage business in gold.

The existence of an urgent need for cash, plus the nature of the liquid gold, make gold mortgage market is still wide open. This consideration is that the policy of CIMB Niaga Syariah for mortgage business continues to expand this gold.

Head of CIMB Niaga Syariah Banking, U Syaefudin Noer, disclose, banking has become the people's choice to forgo his gold. "Other places are comfortable, the service factor also become a major consideration from the community," said Saefudin.  (source)

INDONESIA - BANKING - Expansion Reaches mortgage BNI Syariah Rp3 T

WWW.REPUBLIKA.CO.ID, JAKARTA - Bank Negara Indonesia (BNI) Syariah increase year-end target of financing (mortgage). Target increased from the initial target of Rp200 billion.

"We hope to penetrate Rp3 trillion," said Executive Vice President of BNI Syariah, Strong Rahardjo, told Reuters on Wednesday (6/6). Previously set a target of Rp2 BNI Syariah, 8 trillion.

This is done considering the middle of this month Bank Indonesia will provide down payment restrictions on 70 types of home finance in conventional banks. Surely this is an opportunity for Islamic banks to increase financing of homes and growing.  (source)

INDONESIA - BANKING - BNI Syariah gold mortgage financing shrinks 64%

www.kontan.co.id - BANDUNG. In the first quarter of this year, BNI Syariah gold lien financing shrank 64% to Rp 210 billion, compared to fourth quarter 2011 reached Rp 590 billion.

Meanwhile, when compared with March last year which amounted to Rp 562 billion, the financing in the first quarter of this year also recorded fell by 62%.

Business Director Bambang Widjanarko said BNI Syariah, the decline in mortgage financing distribution of gold, due to a temporary suspension of business activity following the new rules as stipulated in Bank Indonesia Circular Letter No. 14/7/DPBS dated March 1, 2012.  (source)

INDONESIA - BANKING - Islamic banking : BI has not tightened the rules of the down payment home loans

www.bisnis.com - JAKARTA: Bank Indonesia will not tighten rules to ensure minimum down payment of housing finance in Islamic banking industry, because it has not seen indications of speculative investment.
 Eddy Setiadi, Director of Islamic Banking Bank Indonesia (BI), said the central bank still monitor the performance of housing finance in the industry before issuing a rule a minimum down payment of 30%, as had been first introduced in the conventional.
 "When viewed in the portion of Islamic bank financing is still relatively simple for the home. Value over the financing of small pieces. So we will not set the FTV [financing to value] that way, "he said today Friday, May 4, 2012.  (source)

INDONESIA - REGULATIONS - Not subject to Rule Islamic Bank Advances

www.kompas.com - JAKARTA, KOMPAS.com - Rules loan to value ratio for mortgages (mortgage) loans and advances to a motor vehicle, apply for a new conventional-based bank. Islamic banks have not been affected by the rule.

Head of the Directorate of Banking Research and Regulation of Bank Indonesia, Filianingsih, ensuring that, when asked by reporters. "We have not been subject to the rules of Islamic banks," said Fili, in Jakarta, Tuesday (03/20/2012).

BI rules require that prospective home buyers with a building area exceeding 70 square meters using a mortgage from the bank, to pay a minimum down payment of 30 percent of the sales price. (source)

INDONESIA - REGULATIONS - New rules of the Sharia Bank Gold Pawn will End the Speculation?

WWW.REPUBLIKA.CO.ID, JAKARTA-Bank Indonesia (BI) issued a lien golden rule through a Circular Letter no 14/7/DpBs with effect from February 29, 2012. Rule is considered to close the access of speculators in gold pawning.

In regulation, the BI limit the extension of fiduciary gold at most twice. In addition, customers must have gold before pawning transactions. "That way, there is no speculation story," said Director of the Directorate of Islamic Banking BI, Mulya Effendi Siregar, Friday (2/3).  (source)

INDONESIA - FINANCE - Fixed margins Becoming Attractions: Main Islamic mortgages

WWW.REPUBLIKA.CO.ID, JAKARTA --- Margin housing finance (mortgage) sharia is still considered to attract customers but not down to follow the conventional banking. The attractiveness of mortgage financing from the Islamic fixed margin over the murabaha financing for the contract.
Islamic mortgages remain interesting indicated the high value of the financing of a new applicant at Bank Syariah Mandiri (BSM). New applicant for the financing of Islamic mortgages in the BSM in the first month of 2012 has reached a value of more than Rp 30 billion. High interest of the public to raise Islamic mortgage financing to the sector BSM to Rp Rp 350 billion from 2010-2011. (source)

INDONESIA - PAWN BROKING - Performance at the Pawnshop Pawn Gold rocketed Sharia

WWW.REPUBLIKA.CO.ID, JAKARTA - The performance of gold in the mortgage finance Sharia Pawnshops on 2011meroket to 80 percent over the previous year. Predicted rise in the gold pledge to continue in the mid to late December 2012.

Of the total outstanding mortgage financing by December 2011, Rp 2.24 trillion, 95 percent is contributed by pawning gold. Mortgage financing of gold during January 2012 were up more than 5 percent compared to December 2011 which reached Rp 950 billion. (source)

INDONESIA - BANKING - Realize House of Dreams by CIMB Niaga Syariah

www.pkesinteraktif.com - Jakarta (9/2) - Having your own home is probably one of the dreams of every individual, especially for those who are already married. However, in reality the dream is not easy.

Home Ownership Financing is IB, a product of House Ownership Loan (mortgage) of Bank CIMB Niaga Syariah are present in the community and are ready to help realize the dream of dreams a good house. (source)

INDONESIA - BANKING - Two Islamic Banks Limit Gold Pawning

JAKARTA (IFT) – PT Bank Syariah Mandiri, a subsidiary of PT Bank Mandiri Tbk (BMRI) and PT Bank Mega Syariah, a subsidiary of PT Bank Mega Tbk (MEGA)will limit the portion of the distribution of gold pawning to a maximum of 10 percent of the total financing provided by companies, according to bank officials. Currently, the management of both banks holds a study with Bank Indonesia on gold mortgage risk management, among others the portion of loan to value (LTV) and the mortgage term.(source)

INDONESIA - BANKING - SMF Injects Again BSM $ 300 M

Jakarta (2 / 1) - PT Sarana Multigriya Financial (SMF) again provide financing to Bank Syariah Mandiri (BSM) of Rp 300 billion, to be used in residential financing program sharia. The cooperation is marked by the signing of the contract between the parties which took place at Wisma Mandiri 1, Jakarta, Thursday (12.29.11). (source)

INDONESIA - BANKING - BMI and SMF signed a mortgage agreement

Jakarta (14/12)- The demand of mortgage is pretty high from retail banking consumers. It is predicted that in 2012 the demand of mortgage will increase. This is a good opportunity for Islamic banks to captive the mortgage market, such as Bank Muamalat Indonesia (BMI). (source)

INDONESIA - FINANCE - Prospect Property Financing the Sharia

Although global economic conditions are being hit by the crisis, it seems the property sector in Indonesia is still showing a positive trend. This can be seen from the growth rate property loans significantly.
Even from time to time property loans have consistently proven to grow above the level of credit growth in general. Total value of property loans at the end of quarter three banks last year reached USD 285.292 billion or 24.85% growth. While the overall growth of bank credit were approximately 20.5%.  (source)

INDONESIA - BANKING - Mandiri Syariah and POS Indonesia working together for Islamic mortgages and pawn broking

JAKARTA: PT Bank Syariah Mandiri established cooperation with PT Pos Indonesia in the marketing of products and the opening of a special counter Islamic pawn.I Ketut Marjana, Managing Director of Pos Indonesia, said the signing of the cooperation with Bank Syariah Mandiri (BSM) was performed on October 2 in Denpasar, Bali.Cooperation was signed by I Ketut Marjana with Yuslam Fauzi as Director of BSM. "The implementation of such cooperation will begin in November," he said during a visit to the Business Editor, today. (source)

INDONESIA - FINANCE - BRI Syariah Provide mortgages for the Customer to the Lower Secondary

pkesinteraktif.com - Jakarta (25/10) - As a follow-up in cooperation with the Ministry of Public Housing (Kemenpera) to channel funds Liquidity Facility Financing Housing (FLPP), Bank Rakyat Indonesia (BRI) to introduce Sharia mortgage products Prosperous BRISyariah

BRI Sharia is the only Islamic Banking which towed Kemenpera to realize the prosperous home ownership. With mortgage products Prosperous, BRI Syariah can deliver financing for Mid-Income Communities (MBM) and Low-Income Communities (MBR). (source)

INDONESIA - FINANCE - Housing Loan? Apparently Many Consumers Choose the Islamic Bank tables

REPUBLIKA.CO.ID, JAKARTA --- Consumer Financing is still dominated by banks to housing finance. Targeted, such consumer financing to continue to increase.

For example, the distribution of consumer financing Muamalat has reached Rp 6 trillion in September. Of the total financing, 60 percent came from housing finance. (source)

INDONESIA - FINANCE - SMF pours IDR300 billion loan to BSM

JAKARTA: PT Bank Syariah Mandiri obtained IDR300 billion loan facility from PT Sentra Multigriya Finansial (SMF) to support expansion of its property financing business.

The agreement was sealed between SMF’s President Director Erica Soeroto and BSM’s Director Amran Nasution.  (source)