INDONESIA - BANKING - Return Index for the Benchmark Pricing Real Sector Islamic Banking Products

www.pkesinteraktif.com - In many forums, both formal as well as training seminars or non-formal forums such as assemblies and lectures taklim off, one of the frequently asked questions critical to the legitimacy of sharia Islamic banking is a result of pricing products that are believed to refer to interest rates. I remember once when the first question even this became my main tool to criticize the application of Islamic banking in the country. How could so-called Islamic sharia if the price of the product specified or calculated referring to usury? How can we justify the logic of the movement who want to destroy the root of evil in the financial practices of usury, usury is still used throughout as the reference price of the product? Had not anyone wear, during which there will always be riba? (source)

INDONESIA - BANKING - Create a Human Resources Development Bank Islamic Banking Rules

www.pkesinteraktif.com - Jakarta - The rapid growth of Islamic banking in Indonesia has yet to be matched by the rate of growth of Human Resources (HR) for the Islamic banking itself. While human resources in the current Islamic banking, the ideal can not be said in terms of quality. This phenomenon is feared to hamper the development of Islamic banking in the future.

  Senior researcher Directorate of Islamic Banking Bank Indonesia (BI) Nasirwan say that BI is also concentrating in human resource development in Islamic banking. BI itself is currently preparing regulations related to human resource development of Islamic banking. (source)

INDONESIA - CAPITAL MARKETS - Trade and Services Sector Shares Sharia Domination

www.pkesinteraktif.com - Jakarta (29/2) - Currently in stock sharia, trade, services, and investment is the most dominant sector. This was disclosed Head of Market Development Indonesia Stock Exchange (BEI) Irwan Abdalloh to pkesinteraktif.com few days ago.

He said 237 shares of sharia, trade, services, and investment has its share of 28%. The rest was divided on agriculture, mining, various industrial, commercial goods industry, property, and infrastructure.

"As the number of stocks that move in this sector (trade, services, and investments) at most, then this sector is also the most demanding investors," he said. (source)

INDONESIA - OPINION - Islamic economics is not identical with the Financial Industry

www.pkesinteraktif. com - Jakarta (29/2) - This view of Islamic economics has become narrower. Islamic economics was limited as the business economy. This eventually formed the view that Islam is identical to the industrial economy especially the financial industry.

Islamic economists Dawan Rahardjo said the narrowness of views on Islamic economics can be proved from a variety of things. He cited the economic interest in the western world will not because of Islam but because of prudential substances, applicable, and profitable, it is certainly closely related industries.

"Europeans are interested in Islam because the mode of capitalist economy rather than the other," he said in a national workshop "Architecture of Islamic Economic Education" in Jakarta, Tuesday (28/2). (source)

INDONESIA - BANKING - Selling Retail Sukuk, BSB Embraces AAA Securities

www.pkesinteraktif.com - Jakarta (27/2) - Bank Syariah Bukopin (BSB) formed a partnership with PT Andalan Artha Advisindo Securities (Securities AAA). This cooperation in order to make Government Retail Sukuk sales in 2012, where the BSB will become a sub-dealer.
"We're interested in becoming a sub agent for the seller of retail sukuk Sukuk instruments to create an alternative investment fund management sukuk market is still wide open," said Managing Director of BSB Riyanto in his press conference in Jakarta, Monday (27/2).  (source)

INDONESIA - REGULATIONS - Regulations prohibit growth of corporate sukuk

www.pkesinteraktif.com - Jakarta (24/2) - corporate Sukuk are not experiencing significant development. This is because existing regulations do not currently support the development of sukuk itself.

"Sukuk? In the regulation of GAAP and tax incentives that problem. Now look at the movement of corporate sukuk are relatively quiet. It was recognized by friends of the regulator, "said Head of Market Development Indonesia Stock Exchange (BEI) Irwan Abdalloh when met at the University of Gunadarma Depok, on Thursday (24/2). (source)

INDONESIA - BANKING - Eddy Setiadi Director Directorate of Islamic Banking New BI

www.pkesinteraktif - Jakarta (22/2) - Eddy Setiadi became Director of Directorate of Islamic Banking Bank Indonesia (BI) were replacing Mulya Siregar, who moved the post as Director of the Directorate of Banking Research and Regulation. Edy himself previously served as Director of the Directorate of Rural Credit and SMEs.

This position shift is the result of the rotation number of high officials in the BI and is routinely done something related to regeneration.

"This regeneration. Some employees want to retire and other employees are eligible to be president," said Head of Public Relations Bureau BI Difi A Johansyah, Tuesday (21/2). (source)

INDONESIA - BANKING - Permata Syariah IB gems Optima Savings, Investing Right Solution

www.pkesinteraktif.com - Jakarta-Today, investing in Islamic instruments to be ogled by the choice of many people. In addition to reassuring, of course, many advantages presented no less than the conventional-based investments.

IB Optima is offering savings of PermataBank Sharia, for those who want the flexibility to invest in transactions that access is easy, fast and safe, and wishes for the equivalent of Islamic deposits and free of charge as well as numerous other benefits. (source)

INDONESIA - BANKING - BRI Syariah Launches ATM card mustahik Griya Orphans & Dhuafa (GYD)

www.pkesinteraktif.com - Jakarta (20/2) - Bank Rakyat Indonesia (BRI) Syariah launched ATM Card Co-Branding BRISyariah mustahik Griya Orphans & Dhuafa (GYD) GYD built for the residents. Approximately 830 people and the orphans of orphans assisted GYD will receive the card. Symbolically, the delivery is conducted at the Village Office, Kramatjati, East Jakarta by Budi Wisakseno as Director of Compliance of PT Bank BRISyariah and accepted by Haryono, Chairman of the Foundation for Orphans & Dhuafa Griya.

"Through the delivery of this ATM card, BRISyariah hope to educate the public, particularly the recipients of this GYD mustahik ATM card, about the importance of the banking sector, to facilitate various activities including charity work," Budi said in his press release here on Sunday (19 / 2) (source)

INDONESIA - BANKING - Islamic Banking Products Exact substance of Islamic Economics

www.pkesineraktif.com- Jakarta (7/2) - The product contained in the Islamic banking should not only be based on the legal aspects of sharia, but also has economic substance of sharia. This was disclosed Directorate of Islamic Banking Director of Bank Indonesia (BI) Mulya Siregar told reporters in Jakarta, Monday (6/2).

He said that the economic substance of Islam to be above rather than Islamic legalistic. Because making a product into a product that Islamic banks could be done. (source)

INDONESIA - EDUCATION - Expand UPI BNI Syariah and Islamic Banking Education

www.pkesinteraktif.com - Bandung-In an effort to sharia banking education to the younger generation, Bank Negara Indonesia (BNI) Syariah give students the opportunity to Univeritas Education Indonesia (UPI) to do research or an internship at BNI Syariah.

"The BNI Syariah resources provide instructors or professors in the field of Islamic Banking for UPI," said Rizqullah, president of the BNI Syariah pkesinteraktif.com press release received on Wednesday (8/2) (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 - INDEX - BI to launch the Real Sector Index Reference For Islamic Banking

www.pkesinteraktif.com - Jakarta (6/2) - Bank Indonesia (BI) will launch as a reference index of the real sector financing of Islamic banking. Because of all this is the reference for Islamic banks such as Bank Rate is the interest rate.

"BI is an index to calculate the real sector since 2010 and will introduce an index to the bank this month," says researcher Associate Directorate of Islamic Banking BI, Rifki Ismal to reporters after the panel discussion "Sustainable Strategies of Sharia Banking in Indonesia in Response to the Global Economic Challenges' at the University of Bakrie, Jakarta, Monday (6/2).  (source)

INDONESIA - IN MEMORIAM - Accounting experts Syariah Sofyan Safri dies

Jakarta (3/2) - Islamic accounting experts as well as Dean of the Faculty of Economics, Prof. Dr. Sofyan Univeritas Trisakti Safri Harahap died last night, Thursday (02.02.12). He exhales his last breath at 20:23 pm in room 304 Cipto Mangunkusumo, after being treated for 3 weeks. He died at age 55. (source)

INDONESIA - AWARDS - Again, BSB Wins

www.pkesinteraktif.com - Jakarta (27 / 1) - For the second time, Bukopi Islamic Bank (BSB) won the award in this year. This time BSB received an award from Infobank Magazine in cooperation with Indonesia in Twinkle Spin Digital Brand of the year 2011 in the category Brand Digital Islamic Bank ranked second.

BSB director Harry Harmono Busiri said awards virtual world is the result of the utilization of social networking sites in particular by the BSB. (source)

INDONESIA - BANKING - Member of the DK - Should Sharia OJK 30 Percent

www.pkesinteraktif.com - Jakarta (25 / 1) In order that the activists of Islamic finance has not experienced "turmoil" when the team selection to the selection of the Financial Services Authority Board of Commissioners (BOC-OJK) to be formed in July 2012, the Center for Islamic Economics Communication (PKES), urged the government, especially team selection DK-OJK to put 30 percent of 9 prospective DK-OJK is to have integrity and capability of understanding of Islamic finance. It is very important, especially in the reality that the Islamic financial system has become a national alternative economic system. (source)

INDONESIA - REGULATIONS - Government Issue 2 Sharia Tax Rules

Jakarta (16 / 2) The Government has issued two regulations governing the imposition of income tax on business activities of Islamic finance and Islamic banking activities.
Rudaedi Smith, Director of Counseling Services and Public Relations Directorate General of Taxation Ministry of Finance, in a press statement on Monday (01.16.12) says the first rule is published 136/PMK.03/2011 Regulation of the Minister of Finance Number of Income Tax for Financing Activities Sharia.  (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 - BNI Syariah Hasanah Card Target Reached USD 278 M in 2012

Jakarta (27/12) - Bank Negara Indonesia (BNI) Syariah target in 2012, outstanding card Hasanah reached Rp 278 billion. The value of credit card transactions shariah attempted to reach Rp 516 billion with a target of 150 cards peraihan card. The data are quoted from the fact sheet that BNI Syariah pkesinteraktif.com receive.

As for financing residential sharia, BNI Syariah through Hasanah optimistic Griya product can deliver financing for up to Rp 3 trillion. For gold pawn, this bank will remain subject to and guided in accordance with regulations of Bank Indonesia.  (source)

INDONESIA - BANKING - BNI Syariah Financing Shutter Consumptive 1000 UI Lecturers and Employees

Jakarta, Bank Negara Indonesia (BNI) Syariah interlace cooperation with the University of Indonesia (UI) in developing the supporting facilities for the academic society UI to perform Umrah and Haj worship using consumer financing facility from BNI Syariah.

Business Director Bambang Widjanarko said BNI Syariah, in this cooperation by providing consumer financing for UI faculty and staff.  (source)