INDONESIA - BANKING - The Islamic Bank Rules of KLM's Ideal

WWW.REPUBLIKA.CO.ID, JAKARTA - Perpetrators of Islamic banks to assess the plan rules murabaha Ownership of gold or precious metals products (KLM), which was arranged by Bank Indonesia is quite ideal. Because the rule is to apply the principles of financial risk management.

In finance, Islamic banks should pay attention to the customer with the principle of characters (character), capacity (capacity), capital (capital), security (collateral), and condition (condition), known as 5 C. Head of Solution Gold Danamon Syariah, Budi Utomo, said the sale of gold by KLM are no different from the product distribution of the financing.

'' Therefore, the principle 5 C must be considered. Unlike the gold pawning customers only pay attention to the principle of collateral,'' he said on Thursday (15/3).  (source)

INDONESIA - BANKING - Danamon Syariah Launch Gold Solution

Jakarta (4 / 8)-To provide an alternative to the community in terms of financing, the Sharia (UUS) Bank Danamon launched its Gold Solution product, which is the gold beragunan pembiyaan product (mortgage). Products that have a targeted customer traders and housewives, previous experiments had been carried out since last year in 11 branches Danamon Sharia. (source)

INDONESIA - BANKING - Follow the advice of BI, Gold Pledge Danamon Syariah Name Change

REPUBLIKA.CO.ID, JAKARTA - Gold Pawn Danamon Syariah renamed Gold Solution. According to Sharia Business Head, Danamon Syariah, Prayudha Moeljo this is done by following the advice the central bank, Bank Indonesia (BI).

"The term gold pawning it more suitable for products Pawnshop," he told Reuters on Wednesday (3 / 8) night. Moreover, the concept of gold as the solution is considered more striking considering the financing of gold made ​​in Islamic banks are indeed emerging as a pressing need. (source)

INDONESIA - BANKING - Danamon Syariah Gold Solution Reaches Rp 9 M

REPUBLIKA.CO.ID, JAKARTA - The gold record Danamon Syariah financing portfolio of Rp 9 billion through June 2011. According to Executive Vice President of Solution Gold Danamon Syariah, M Budi Utomo, the growth is still a pilot project supported by 11 branches which have been operated since two years ago.

"By the end of 2011, the Solution Gold is expected to increase to Rp 50 billion," he told Reuters on Wednesday (3 / 8) night.  (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)

FINANCE - Bank Muamalat Indonesia has Granted Financial Assistance to PT ALIF

Jakarta, (23/3). PT Al-ijarah Islamic Finance (ALIF) has shown a significant growth in distributing its multi financing service in the area of Auto leasing, BMI as the parent company of PT ALIF is considering supporting PT ALIF by providing IDR 500 Billion for its business development. It is expected that PT ALIF business will growing faster, with competitive pricing, to captive the retail market.

The signing ceremony of Financial aids agreement between BMI and PT ALIF  today (23/3)at Hotel Four Season Hotel in Jakarta Selatan, the ceremony was attended by the President Director Herbudi S Utomo and Marketing Director Efrinal Sinaga from PT ALIF, and  The President Director of BMI, Arviyan Arifin,  Retail Banking Director of BMI, Adrian A Gunadi. Arviyan said that BMI will expand its consumer financing Business with PT ALIF, whereas this agreement will focus on auto financing, which has been its main business since 2010. “This agreement will be broadening our product spectrum to our customer,” explained Arviyan. (full story)