INDONESIA - BANKING - BJB Syariah Riawan Amin : Islamic banks should Synergize with Parent

WWW.REPUBLIKA.CO.ID, JAKARTA - In order to develop properly, Islamic banks need a synergy with its parent company. This synergy can be done through infrastructure and third party funds."What we want now is how to spend the capital as soon as possible," said Managing Director of Bank Jabar Banten Sharia (BJBS), A Riawan Amin, after a speaker in the National Symposium on Gold-based monetary system in Jakarta, Thursday (14/6).Capital spending is meant to develop the bank's business. To be able to grow, its market share of Islamic banks are still small companies need the help of its parent. If no master host to host between conventional and Islamic companies, it is difficult for Islamic banks to increase market share. (source)

INDONESIA - CLIPS - BIFIS 2012 Bandung (AmilinTV - 4 clips)

Exclusive Interview - A. Riawan / Rushdi Siddiqui / Sheikh Nizam Yakubi / Ahmad Heryawan
Event: Bandung Islamic Finance and Investment Smbmit 2012
Venue: Grand Royal Panghegar Bandung, Indonesia
Date: 29th - 30th May 2012

INDONESIA - BANKING - GENERAL CHAIRMAN ASBISINDO: Yuslam strengthen human resources of Islamic banking

www.bisnis.com - JAKARTA: Yuslam Fauzi, President Director of PT Bank Syariah Mandiri, was elected as Chairman of the Sharia Bank Association of Indonesia (Asbisindo) in the period 2012-2015 in the National Conference V.

After elected, who was born August 28, 1959 stated there were five work focus Sharia Bank Association of Indonesia (Asbisindo) for 3 years. (source)

INDONESIA - BANKING - 2017, Islamic Banking Growing Market Doubles

WWW.TEMPO.CO, Jakarta - Business Islamic banks grew more rapidly for some time. Bank Indonesia estimate a market share of Islamic banks could grow 10 percent, or twice, and compete with conventional banks in five years. "This could be achieved if the rate of growth can we defend," said Deputy Governor of Bank Indonesia Halim Alamsyah when opening the 5th National Conference on Islamic Banking Bidakara Hotel, Wednesday, March 21, 2012.

Bank Indonesia recorded a total Islamic banking assets on average grew 40.5 percent in five years. Halim said, compared to conventional banking, Islamic banking industry grew twice. Currently a new Islamic bank controls 4 percent of the national banking market share, still below the target set by the central bank at 5 percent. "But I believe this target will be realized in the near future," he said.  (source)

INDONESIA - BANKING - Indonesia lures Mideast Shariah lenders

www.gulf-times.com - Indonesia’s Islamic finance industry is luring investment from Middle Eastern and European banks as regulator seeks to double Shariah-compliant assets to 10% of the total this decade.
Al Rajhi Bank, Saudi Arabia’s largest, is chasing investment banking business in Indonesia and may open branches “at the right time,” Mudassir Amray, the head of wholesale banking in Kuala Lumpur, said in a February 2 interview. Standard Chartered Saadiq will add more outlets, said Wasim Saifi, the Singapore-based global head of Islamic and consumer banking.
“We are on the lookout for any good Indonesian acquisition, if the price is right,” Mohamed Azahari Kamil, the Kuala Lumpur-based chief executive of Asian Finance Bank Bhd, the Malaysian unit of Qatar Islamic Bank, said in an interview on Monday. “We have to be quick as the Indonesian market is becoming more competitive.”  (source)

INDONESIA - BANKING - Jakarta Becomes Magnet of Shari`ah Assets

www.onislam.net - CAIRO – Taking a share of the booming Islamic finance industry, Indonesia is becoming a magnet of Shari`ah-compliant assets from all around the globe.

“We are on the lookout for any good Indonesian acquisition, if the price is right,” Mohamed Azahari Kamil, the Kuala Lumpur-based chief executive of Asian Finance Bank Bhd, the Malaysian unit of Qatar Islamic Bank, told the Gulf Times on Thursday, February 9. (source)

INDONESIA - BANKING - Indonesia lures Mideast Shariah lenders

www.gulftimes.com - Indonesia’s Islamic finance industry is luring investment from Middle Eastern and European banks as regulator seeks to double Shariah-compliant assets to 10% of the total this decade.
Al Rajhi Bank, Saudi Arabia’s largest, is chasing investment banking business in Indonesia and may open branches “at the right time,” Mudassir Amray, the head of wholesale banking in Kuala Lumpur, said in a February 2 interview. Standard Chartered Saadiq will add more outlets, said Wasim Saifi, the Singapore-based global head of Islamic and consumer banking.  (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 - Indonesia Islamic Finance Industry, Regulation (Riawan Amin)

Dec. 2 (Bloomberg) -- Riawan Amin, chairman of the Jakarta-based Indonesia Shariah Bank Association, which represents the country’s Islamic bankers, talks about the growth outlook for the country's Islamic finance industry.¶ Amin spoke from Jakarta on Nov. 24 with Bloomberg Television's Haslinda Amin. (Source: Bloomberg) (source)

INDONESIA - BANKING - 2 It takes the Acceleration of Islamic Banking

Tangerang (1 / 12) - In developing Islamic banking in this country need to do acceleration. It was felt would give something positive for the development of Islamic banking.

According to the Chairman Indonesia Sharia Bank Association (ASBISINDO), A Riawan Amin at least there are 2 things to consider in the acceleration of Islamic banking. First, the Syariah Commercial Bank (BUS) and Sharia (UUS) must use the parent bank's infrastructure.

"So do not spend money or capital to build its own ATMs, branches themselves and others. It's expensive, we were little," he said on the sidelines of the Seminar and Conference 2012 Regional Employment Indonesia Sharia Bank Association (ASBISINDO) in Tangerang, Thursday (1 / 12).  (source)

INDONESIA - BANKING - Increase Competitiveness, SRB Apex Company Must Have

Jakarta, (25/11) - Sharia Rural Bank (SRB) is still considered difficult to compete with conventional BPR. Lack of synergy between the SRB with the Islamic Bank is one factor. "Spirit should unite owned by Islamic banking. Including the spirit of cooperation with the SRB, "said Riawan Amin, Chairman of the Association of Islamic Bank Indonesia in Jakarta, Wednesday (23/11).

He expressed the spirit of cooperation that can be applied in a linked program between Islamic banks with SRB. Islamic banks should be able to empower the SRB to the fullest.  (source)

INDONESIA - BANKING - Want to Developing Islamic Bank, First Bank SOE Conversion

Jakarta (27/10) Although Islamic banking has a lot of standing, but for the Chairman Indonesia Sharia Bank Association (Asbisindo) A. Amin Riawan not feel satisfied. He sees growth in market share of Islamic banking is still the way place. To increase the market share necessary strategic step is to convert one state bank.

"The move I believe will accelerate the development," he says during the show "Islamic Banking Business Meeting Your Business Partner", in Cirebon last Tuesday, (25/10).  (source)

INDONESIA - BANKING - Government not optimal pushing for Islamic banking

REPUBLIKA.CO.ID, JAKARTA, is still considered minimal role of government in encouraging the growth of Islamic banking. Therefore, the growth of sharia banking in Indonesia is still slow.
During this time, the growth of Islamic banking still relies on a policy of Bank Indonesia (BI). In fact, merely controls the BI policy. Consequently, the development of Islamic banking have no impetus to increase.
"Paradigm BI is braked, the government's role is to be gas for the growth of Islamic banking does not exist," said Chairman Asosisasi Islamic Bank Indonesia (Asbisindo), A. Riawan Amin.  (source)

INDONESIA - EVENTS - International Seminar on Islamic Economics degree, UNJ Embraces KISDAR

Jakarta (12/10) - Faculty of Economics, State University of Jakarta (UNJ FE) in collaboration with Kolej Islam Darul Ridzuan (KISDAR) Malaysia, held the International Seminar and Symposium on Islamic Economics in Building Studies and the Center for Teacher Certification, State University of Jakarta. With the theme "Bridging Ideals and Economic Countries: Islamic Economics in Macro and Micro Perspectives", this event is an effort from both parties in gathering academics and practitioners of Islamic Economics caliber world to give birth to new ideas that could benefit the development of Islamic economics. (source)

INDONESIA - OPINION - Riawan : Growth of Islamic Banking Not to Solve Economic Problems

REPUBLIKA.CO.ID, JAKARTA - Chairman of the Association of Bank Syariah Indonesia (Asbisindo), A Riawan Amin, said the growth of a national Islamic banking has not solved the problem of the national economy.

"Growth in assets by 40 percent or 50 percent. If the growth was only 3 percent of the national banking market share, when to be an economic solution?" Riawan said to Reuters. (source)

INDONESIA - BANKING - ASBISINDO asks BI to promote Islamic banking

JAKARTA - Indonesian Sharia Bank Association (Asbisindo) has called on Bank Indonesia (BI) supports the promotion of Islamic financial products in order to be able to expand market penetration.

"If the campaign only handed over to Islamic banks whose size is three percent of the total market share of the national banking system, then the cost of promotion is also three per cent. While conventional banks have a much bigger budget," said Chairman Asbisindo A Riawan Amin told Antara here on Saturday . (source)

INDONESIA - GENERAL - ASBISINDO inaugurates Regional Leadership Council in SOLO

Solo (17 / 9) To enhance the growth of Islamic banking in Central Java, the Association of Islamic Banking Se-Indonesia (ASBISINDO) on Saturday (17 / 9) at the Muhammadiyah University of Surakarta (UMS) inaugurated the Regional Leadership Council (DPW) ASBISINDO Solo.

The inauguration was also interspersed with a national seminar of Islamic finance with the theme "the role of Islamic banking to accelerate growth in the real sector" organized by MES Solo. (source)

INDONESIA - EVENTS - Halal Bihalal of Asbisindo

Jakarta (16 / 9). Halal Bihalal organized by the Indonesian Sharia Bank Association (Asbisindo) last night (Thursday, 15 / 9) could suck his own attention, the article in the Islamic bankers event was also attended by Assabiqunal Awwalun (the founders) of Islamic banking. They are Subarjo Joyosumarto (Chairman PKES), Karnaen.P (Muamalat founder) and others. In addition the event is also attended by the Director of the Directorate of Islamic Banking, E Mulya Siregar and one representative of the Islamic Development Bank (IDB), Muhammad Sidik. (source)

INDONESIA - BANKING - Spin Off UUS to BUS Need Assessed

Jakarta (13 / 9). In the year 2010 - 2011 Lots of sharia banking Sharia-shaped (UUS) to spin off (mains broke away from the bank) to establish Sharia Commercial Banks (BUS) with reasons for wanting to promote Islamic banking and more independent in performing self-management. 

But from the beginning of a spin off that lovely teryata not as easy to do, there UUS successful in doing a spin off of it but some have oversized UUS in doing a spin off when the BUS. Observing this phenomenon, Chairman of the All-Indonesia Association of Islamic Banks (Asbisindo) Riawan Achmad Amin, said that the spin off of the Islamic banking BUS UUS be enforced as if it had happened so many new Islamic bank management is difficult to develop themselves. (source)

INDONESIA - OPINION - Islamic banking must grow in Indonesia

Jakarta (1 / 7). Growth of Islamic banking in each hemisphere has a background that is different. In the middle eastern countries because of growing Islamic banking pertrodollars circulation of large funds, in Europe due to hold funds petrdolars factors that have previously been stored in a conventional bank, for in Asia, especially Malaysia, the development of Islamic banking because of the full support of the government. Then what about Indonesia? (source)