Indonesian Bank Muamalat has implemented Oracle FLEXCUBE Universal Banking to streamline its core business processes and to enhance productivity. Oracle FLEXCUBE is now live across all of Bank Muamalat's branches and e-channel network (ATM, EDC, etc) i…
<p>Bank Muamalat Indonesia delayed an up to $177 million initial public offering because of recent stock market declines. The sharia lender hasn’t decided on a new timetable for the IPO. Muamalat had already lowered the indicative price range on the deal to Rp 575-675 from the original Rp 625-975, to try and drum up demand. CIMB and Bahana Securities were hired to underwrite the IPO.</p>
<div>
<div>Source: </div>
<div>
<div>
<p><a href="http://www.thejakartaglobe.com/business/bank-muamalat-postpones-up-to-177m-ipo/" title="http://www.thejakartaglobe.com/business/bank-muamalat-postpones-up-to-177m-ipo/">http://www.thejakartaglobe.com/business/bank-muamalat-postpones-up-to-17…</a></p>
</div>
</div>
</div>
<div>
<a href="http://www.facebook.com/plugins/like.php?href=http%3A%2F%2Fwww.islamicfinance.de%2F%3Fq%3Dnode%2F5297&layout=button_count&show_faces=false&action=like&colorscheme=light&width=100&height=21&font=&locale=" title="I Like it" rel="nofollow" target="_blank"><span>Facebook Like</span></a> <a href="http://www.islamicfinance.de/?q=node/5297" title="Plus it" rel="nofollow" target="_blank"><span>Google Plus One</span></a> <a href="http://twitter.com/share?url=http%3A%2F%2Fwww.islamicfinance.de%2F%3Fq%3Dnode%2F5297&count=horizontal&via=&text=Bank%20Muamalat%20Postpones%20Up%20to%20%24177m%20IPO%20&counturl=http%3A%2F%2Fwww.islamicfinance.de%2F%3Fq%3Dnode%2F5297" title="Tweet This" rel="nofollow" target="_blank"><span>Tweet Widget</span></a> <a href="http://www.islamicfinance.de/?q=node/5297" title="Share on Linkedin" rel="nofollow" target="_blank"><span>Linkedin Share Button</span></a> <a href="http://www.facebook.com/sharer.php?u=http%3A%2F%2Fwww.islamicfinance.de%2F%3Fq%3Dnode%2F5297&t=Bank+Muamalat+Postpones+Up+to+%24177m+IPO+" title="Share on Facebook." rel="nofollow" target="_blank"><img src="http://www.islamicfinance.de/sites/default/modules/service_links/images/facebook.png" alt="Facebook" title="" width="16" height="16"></a> <a href="http://www.google.com/bookmarks/mark?op=add&bkmk=http%3A%2F%2Fwww.islamicfinance.de%2F%3Fq%3Dnode%2F5297&title=Bank+Muamalat+Postpones+Up+to+%24177m+IPO+" title="Bookmark this post on Google." rel="nofollow" target="_blank"><img src="http://www.islamicfinance.de/sites/default/modules/service_links/images/google.png" alt="Google" title="" width="16" height="16"></a> <a href="http://bookmarks.yahoo.com/myresults/bookmarklet?u=http%3A%2F%2Fwww.islamicfinance.de%2F%3Fq%3Dnode%2F5297&t=Bank+Muamalat+Postpones+Up+to+%24177m+IPO+" title="Bookmark this post on Yahoo." rel="nofollow" target="_blank"><img src="http://www.islamicfinance.de/sites/default/modules/service_links/images/yahoo.png" alt="Yahoo" title="" width="16" height="16"></a> <a href="http://del.icio.us/post?url=http%3A%2F%2Fwww.islamicfinance.de%2F%3Fq%3Dnode%2F5297&title=Bank+Muamalat+Postpones+Up+to+%24177m+IPO+" title="Bookmark this post on del.icio.us." rel="nofollow" target="_blank"><img src="http://www.islamicfinance.de/sites/default/modules/service_links/images/delicious.png" alt="del.icio.us" title="" width="16" height="16"></a> <a href="http://www.linkedin.com/shareArticle?mini=true&url=http%3A%2F%2Fwww.islamicfinance.de%2F%3Fq%3Dnode%2F5297&title=Bank+Muamalat+Postpones+Up+to+%24177m+IPO+&summary=Bank+Muamalat+Indonesia+delayed+an+up+to+%24177+million+initial+public+offering+because+of+recent+stock+market+declines.+The+sharia+lender+hasn%E2%80%99t+decided+on+a+new+timetable+for+the+IPO.+Muamalat+had+already+lowered+the+indicative+price+range+on+the+deal+to+Rp+575-675+from+the+original+Rp+625-975%2C+to+try+and+drum+up+demand.+CIMB+and+Bahana+Securities+were+hired+to+underwrite+the+IPO.%0A&source=IslamicFinance.de" title="Publish this post to LinkedIn" rel="nofollow" target="_blank"><img src="http://www.islamicfinance.de/sites/default/modules/service_links/images/linkedin.png" alt="LinkedIn" title="" width="16" height="16"></a> <a href="http://digg.com/submit?phase=2&url=http%3A%2F%2Fwww.islamicfinance.de%2F%3Fq%3Dnode%2F5297&title=Bank+Muamalat+Postpones+Up+to+%24177m+IPO+" title="Digg this post on digg.com" rel="nofollow" target="_blank"><img src="http://www.islamicfinance.de/sites/default/modules/service_links/images/digg.png" alt="Digg" title="" width="16" height="16"></a>
</div>
Indonesia's Bank Muamalat plans to sell more than 30% by July through an initial public offering and private placements, Chief Executive Arviyan Arifin told reporters Wednesday. Shareholders of the country's first Shariah-compliant lender sought to sel…
According to CIMB Equities Research, mergers and acquisitions (M&As) are still high on Affin Holdings’s agenda to support its future growth. Hence, Affin is still planning to acquire Bank Muamalat. The banking group has submitted the offer and is …
After the full redemption of Bank Muamalat’s RM250 million Islamic Subordinated Bonds, RAM Ratings has eliminated the A3 rating on the Islamic Subordinated Bond and will no longer have any rating obligations on the debt facility.
It appears that US is supporting Indonesia’s oldest Islamic bank, Bank Muamalat Indonesia. The US Embassy in Indonesia and the US Agency for International Development (USAid) signed an agreement with the bank to provide financial guarantees for $1.15bn…
Five foreign investors and other 3 from Indonesia expressed obvious interest in purchasing 50 percent shares of Bank Muamalat.
The five foreign investors are: Standard Chartered Plc., Qatar Islamic bank SAQ, Oversea Chinese Banking, OCBC Overseas and I…
Although his attempt of courting Bank Islam Malaysia Bhd failed, Bank Muamalat Malaysia Bhd has still the strong desire to merge with a rival to build a mega Islamic bank.
The bank, however, is not in talks with any party currently.
Bank Muamalat was given A3 by RAM Ratings. Bank Muamalat Malaysia’s respective long- and short-term financial institution ratings were also reestablished at A2 and P1.
RAM Ratings expects the bank’s credit costs to restrain as a more rigorous credit-…
Bank Muamalat Indonesia is seeking to boost lending tenfold outside cities in 2011 after opening 30 new branches last year.
Islamic lenders accounted for 1.8 percent of the Rp 91 trillion ($10.4 billion) in loans to the farming industry in 2010, figure…
MARKETWATCH Top News