INDONESIA - EDUCATION - Required Qualified IT Development In Islamic Banking

Jakarta (22 / 9) One of the weaknesses in developing Islamic banking in Indonesia is the problem of IT technology that has been instrumental in improving the quality of care. With sophisticated and efficient IT as a support force is expected to Islamic banking system in Indonesia. Thus one of the comments presented by Aries Mufti, Chief Counsel of MES in a monthly seminar being held in Bank Permata Syariah Jakarta, Tuesday (21 / 9).  (source)

INDONESIA - FINANCE - Thailand Distributes $ 1 Billion For BMT Indonesia

Jakarta (22 / 9) liquidity support to Baitulmaal Waa Tanwil (BMT) Indonesia is not just of Islamic banking but from abroad also did not want to lose. This is evidenced by Thai financial institutions are ready to disburse the fund amounting to Rp 1 trillion. BMT as Chairman of the Association of Indonesia (Absindo) Aries Mufti today confirmed that if he formed a partnership with Thai banks. (source)

MICRO FINANCE - Sharia financing firms to aid migrant workers

The Baitul Maal Wat-tamwil Association of sharia-based microfinancing institutions has signed a memorandum to give migrant workers microfinancing assistance.

Association chairman Aries Mufti signed a memorandum of understanding (MoU) with the National Agency for the Placement and Protection of Overseas Workers on Thursday. (full story)

EVENTS - IDX and MES - Seminar “Shariah Based Capital Markets as Alternative Investment”

Indonesia Stock Exchange (IDX) cooperated with the Society for Islamic Economy (MES) to organize Monthly Seminar of the Society for Islamic Economy entitled “Shariah Based Capital Markets as Alternative Investment”. The event aimed to increase public’s knowledge on shariah capital markets as an alternative for investment.

Seen in the picture (left to right): Ito Warsito (President Director of IDX), Adiwarman Karim (Member of DSN – MUI), Iggi H. Achsien (General Executive Board of MES), Muhammad Touriq (Head of Shariah Capital Markets Policies Development, Bapepam-LK), Hasan Fawzi (Director of IBPA), Friderica Widyasari Dewi (Director of IDX) and Aries Mufti (Head of the MES Experts Board) at the  Monthly Seminar of the Society for Islamic Economy (MES) entitled “Shariah Based Capital Markets as Alternative Investment” held on October 20, 2010 at Graha Niaga, Jakarta.

CAPITAL MARKETS - SUKUK - Absindo will issue its first Sukuk

Jakarta, (16/8). Based on investor demand, (Absindo) will issue its first sukuk. The chairman of Absindo, Aries Mufti confirmed that ABSINDO will issue sukuk with purpose to strengthen the working capital and networking of BMT which has been connected with Absindo.

“We perceived that sukuk is an effective instrument to raise funds in developing BMT: said Aries.