INDONESIA - BANKING - BRI Syariah Yogyakarta Prepare ATM Shuttle Service Fund

www.bisnis.com - SEMARANG: PT Bank Rakyat Indonesia Yogyakarta Branch Sharia fund operates shuttle service (pick up service) during Ramadhan break to ease customer deposit funds into the bank.

Halomoan Marpaung, BRI Syariah Yogyakarta Branch, explaining the fund shuttle services performed by the Branch Office (KCP) Bantul.

"This service is provided to adjust the prime customer transactions at the time of Eid is predicted to experience a surge," he told Business Sunday (19/08/2012).  (source)

INDONESIA - BANKING - BNI Syariah Involve dish 10 000 Customer Feedback Orphan

www.bisnis.com - JAKARTA, PT Bank Negara Indonesia Sharia provide iftar mealsfor 10,000 orphans and the orphans through the Share Open Hasanah.
"Sharing Program Open Hasanah involve customers. By opening a savings or top up Hasanah iB iB Savings Tapenas then to give my customers a meal break for orphans and duafa, "said Imam T. Saptono, Business Director of Islamic Bank Negara Indonesia (BNI Syariah) in a press release received by Business Saturday (11/8 ).
According to Imam, a program that was held since 10 July to 6 August 2012, received a positive response from people all over Indonesia. The Company initially targeting 10 000 iftar meals in 49 branches, but its realization may exceed expectations by as much as 10 752 packets collected food for the orphans and duafa.  (source)

INDONESIA - BANKING - Syariah Bukopin degree CSR During Ramadan

WWW.REPUBLIKA.CO.ID, JAKARTA - During Ramadan, PT Bank Syariah Bukopin (BSB) organizes social activities of humanity in the program "corporate social responsibility" (CSR) in all branches.
CSR program is a benefit orphans, giving takjil in front of the BSB, donations to the mosque and dawn.
"Coinciding in this holy month of Ramadan, as one of the CSR program, today we came across Cijugjung, Talbot, Bogor, to deliver social grants to the Foundation Orphan / Orphanage and Dhuafa Sa'adah Darus," said Director of BSB , Riyanto, when penyerahkan social assistance to the Foundation in Sentul, Bogor, on Saturday (28/7).  (source)

MALAYSIA - OPINION - Ramadan wish list for Islamic finance

www.btimes.com.my - WHAT THE GOAL IS: The central issue is about the industry controlling its own destiny
“Behind every success is endeavour… behind endeavour, ability… behind ability, knowledge… behind knowledge, a seeker ….” Unknown.
AS THE blessed month of Ramadan arrives, here is my “seeking” list for Islamic finance. It’s not about another voice asking when the International Islamic Liquidity Management Corporation (IILM) will issue its first paper or disagreeing with CIMB Group CEO Datuk Seri Nazir Razak’s comment on “rolling back” government’s involvement in business, but more to do with controlling our own Islamic finance manifest destiny.   (source)

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 - BANKING - Bank Mandiri allocates Rp 22.7t during Idul Fitri

Bank Mandiri has allocated a total of Rp 22.7 trillion (US$ 2.6 billion) to meet transaction demand during the Idul Fitri holidays.

Mandiri corporate secretary Sukoriyanto said 60 percent of the fund will be distributed to Greater Jakarta while the remainder would go to Semarang, Surabaya and Bandung.  (source)

INDONESIA - RAMADAN - Share Ta'jil, Danamon Syariah Embraces JES

Jakarta (21 / 8) - As the holy month, Ramadan has been properly filled with various activities that improve the quality of self, especially in spiritual and social aspects. One is sharing fortune to others in any form.

Is Bank Danamon Syariah (BDS) which then make use of this holy Ramadhan nan, to share with others. By cooperating with Islamic Economic Journalists Association (JES), BDS and journalists held for Islamic financial services-for Ta'jil to motorists at the Hotel Indonesia roundabout, on Friday (19 / 8). (source)

INDONESIA - RAMADAN - CHARITY - Bukopin Syariah helps orphans

Jakarta (19 / 8) holy month of Ramadan in optimizing fully by Islamic financial institutions in providing care to the community. Among them are conducted by the Bank Syariah Bukopin (BSB) in its CSR program provides assistance in the form of compensation Orphans in the two parlors, including the Foundation and Yayasan Insan Madani Tarbiyatul Auliyat. (source)

INDONESIA - MUI - MUI Slaps Fatwas on Sale of Bank Notes, Fireworks

With Ramadan already into its second week, the Indonesian Council of Ulema has come out to declare two activities popular at this time of year forbidden: Paying to have money changed and the sale of fireworks.

Abdusshomad Buchori, head of the East Java chapter of the council, also known as the MUI, said the sale of small denominations or crisp new bank notes for profit was haram. (source)

INDONESIA - BANKING - BRI Syariah tells finance oriented Islamic stories during Ramadan

REPUBLIKA.CO.ID, JAKARTA - PT Bank Rakyat Indonesia (BRI) Sharia held safari dogeng fasting month of Ramadan in 2011. Activities that cooperate with one fast food restaurant McDonald's is expected to provide another alternative, especially for children, the time spent waiting for iftar.

According to Head of Corporate Marketing Communications Group, Hanifah Fibianti, in this activity BRI Syariah trying to tell the stories of the Prophet Muhammad's example, especially in financial management. "We hope, this could provide awareness of the importance of saving, particularly in Islamic banking," he said in a press release received by Reuters on Tuesday (9 / 8). (source)

INDONESIA - BANKING - Danamon Syariah Launch Gold Solution

REPUBLIKA.CO.ID, JAKARTA - Welcoming Ramadan this year, Bank Danamon Syariah launched a brand-new product "Gold Solution '. This product is one of the rahn (payment) beragunan gold according to Islamic principles.

Why gold solution? Gold Solution Manager Head of Bank Danamon Syariah, Muhammad Budi Utomo, said based on a survey of 2007, as many as 36 million more families in this country have the gold. This amount is divided into 9 million from a group of employees (workers) and 27 million from family groups, traders and entrepreneurs. (source)

INDONESIA - BANKING - During Ramadan, the Islamic Bank Deposits Could doubles

REPUBLIKA.CO.ID, JAKARTA - third-party funds (TPF) Islamic banking is predicted to be increased by two to three times during Ramadan. According to Islamic economic observers, Wahyu Dwi Agung, it can happen if you look at the phenomenon of growth in previous years.

"Compared to the usual month, is often an increase," he said when contacted by Reuters. He said, usually every month if the growth of Islamic banking is only around five percent, in Ramadan growth to 30 percent may be realized. (source)

INDONESIA - ZAKAT - Bank Bukopin Syariah collaborates with Dhompet Duafa

REPUBLIKA.CO.ID, JAKARTA - In order to boost the charity, in collaboration with the Syariah Bukopin Wallet Dhuafa during Ramadan 1432 Hijri.

''About 70 percent of funds received by Sharia Bukopin zakat during Ramadan would be channeled into Wallet Dhuafa,''said the Director of Syariah Bukopin, Riyanto. (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 - BANKING - Bank Indonesia Prepares Rp 61.36 T Cash for Idul Fitri

JAKARTA (IFT) – Bank Indonesia prepares total fund of Rp 61.36 trillion to meet cash outflow demand during fasting month and Idul Fitri. The fund prepared is 12 percent higher from Rp 54.78 trillion last year.  (source)

BANKING - Ramadan Best Time To Pitch Islamic Banking

Jakarta. Jakarta-based Bank Syariah Mandiri joined Islamic lenders worldwide to use Ramadan to remind Muslims to obey the teachings of the Prophet Muhammad that ban interest.

Marketing campaigns aimed at 1.6 billion Muslims worldwide have increased this year as the global economy recovers, according to the Pan Arab Research Center in Dubai.

BANKING - Banks Step Up Ramadan Marketing Campaigns to Spur Growth: Islamic Finance

Emirates NBD PJSC of Dubai is waiving payments on personal loans for the holy month of Ramadan. Maybank Islamic Bhd. in Kuala Lumpur started automating charitable donations. Jakarta-based PT Bank Syariah Mandiri sponsors a television slot teaching Islamic banking.

BANKING - Banks Stockpiling Cash For Idul Fitri Festivities

Jakarta. Bank Indonesia and local lenders are stocking up on cash to cope with expected surging demand for bank notes during the peak of this year’s festive season, which will occur Aug. 25 to Sept. 19.

Budi Rochadi, deputy governor of the central bank, said: “To anticipate cash demand during Ramadan and Idul Fitri, we plan to supply cash of Rp 37.63 trillion [$4.2 billion] to Bank Indonesia branches.”