INDONESIA - BANKING - Foreign Investors Attracted Establish Islamic Banking in Indonesia

WW.REPUBLIKA.CO.ID, JAKARTA - A number of investors have filed his intention to Bank Indonesia to establish Islamic banks in Indonesia. These investors not only from their own country, but also foreigners.
BI deputy governor Halim Alamsyah, said investors are carrying out studies and preparation of submissions to the BI. In the near future is there a common bank Indonesia to immediately submit to the central bank to open Islamic banks.
"One (investors) will soon propose to the BI. It depends what time of the bank, "Halim said after filling a scientific lecture at the Milad-8 to the Association of Islamic Economics Indonesia (IAEI) in the Ministry of Finance, on Friday (13/4).  (source)

INDONESIA - FINANCE - Computerized Design BI For The Real Sector Index

WWW.REPUBLIKA.CO.ID, JAKARTA - Bank Indonesia is preparing a model for the real sector index for the reference yields Islamic bank financing. Models are organized by computerized in order to be updated every day.

Director of the Directorate of Islamic Banking Bank Indonesia, Mulya Effendi Siregar, said computerized model of the index for the real sector will use the information from public and nonpublic companies. The results of manual calculations of such information has previously been done.  (source)

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 - INDEX - Margin refers to the results from the real sector index

www.bisnis.com - JAKARTA: While not using the system of interest, but Islamic banking has been making the interest rate on conventional industry as a reference for determining the level of yield and margin financing.
This is because the Islamic financial industry has not had a reference in determining the return for financing to individual industrial sectors.
However, the influence of interest in the conventional market for Islamic industry is perceived to be reduced because Bank Indonesia (BI) immediately launched an index rate of return of the real sector in the country. (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 - BANKING - Islamic banking offers a bright outlook in 2012

WWW.REPUBLIKA.CO.ID,  JAKARTA – Indonesian Islamic banking believes the increasing Indonesian debt to become investment grade will indirectly affect business performance in 2012. The ongoing of economic condition and the increase of middle class society are important supports to Islamic bank performance this year.

After Indonesian debt-grade improves to investment grade –as stated by Fitch Ratings and Moody’s Investor Service- the capital flow to Indonesia is believed to grow. The Director of Business in BNI Syariah, Bambang Widjanarko, said, those factors are the stimulus for Indonesian economic development.  (source)

INDONESIA - BANKING - Islamic Banking Must Dare to Go Real Sector

JAKARTA - The Islamic banking, should dare to go into the real sector so that its presence in Indonesia's economy became apparent.

"We recommend to reorient the goals of Islamic banking, which have dared to go into the real sector. In order for Islamic banking sector is considered important," said Head of fiscal policy (BKF) Permadi Bambang Soemantri Brodjonegoro after a keynote speaker at the International Seminar and Conference 2011 on Economics in Building Studies and the Center for Teacher Certification, State University of Jakarta (UNJ), on Tuesday.  (source)