INDONESIA - BANKING - All Funds to Divert Muhammadiyah Islamic Banking

JAKARTA - the second largest Islamic organization in Indonesia, Muhammadiyah, decided to put all their funds in Islamic banking as a follow-up fatwas usurious interest rates of conventional banks. Islamic banks are appointed to manage the funds (cash management) as much as seven Muhammadiyah.
"We chose these seven banks after a fatwa from the Legal Affairs Committee of Muhammadiyah that bank interest is usury and usury is forbidden. The fatwa was applicable to all members of the Muhammadiyah including those abroad, so that the funds will be transferred to the seven banks that, "explains Head of Legal Affairs Committee, Tajid, and Ilyas Yunahar Muhammadiyah Islamic Thought in a press conference in Jakarta, Tuesday (27/12).  (source)

INDONESIA - BANKING - 7 Islamic Banks cooperate with Muhammadiyah

Jakarta (15/12) - A total of seven Islamic banks today conduct a joint collaboration with Muhammadiyah in terms of cash management. These banks are Bank Syariah Bukopin (BSB), Bank Syariah Mandiri (BSM), Bank Negara Indonesia (BNI) Syariah, Negar Savings Bank (BTN) Sharia, Bank Rakyat Indonesia (BRI) Sharia, Bank Muamalat Indonesia (BMI), and Bank Danamon Syariah.
Cooperation itself is set forth in the joint signing of a memorandum of understanding that made the Chairman of Muhammadiyah, Din Syamsudin with representatives of each Islamic bank at the House of Muhammadiyah Jakarta, Thursday (15/12).  (source)

INDONESIA - BANKING - BNI Syariah Target Deposits Up 30%

JAKARTA - Bank BNI Syariah target increase assets and financing (credit) of approximately 30% in 2012 thanks to rising third-party funds (DPK).
"As of November is our asset Rp7, 8 trillion, next year we are targeting increased to 30% or approximately reached Rp10 trillion," said Director of Business BNI Syariah Widjarnako Bambang said after signing a memorandum of understanding between the seven PP Muhammadiyah Islamic banks in the office Muhammadiyah central Jakarta on Thursday.  (source)