Posts tagged as: Indonesia

Indonesia’s Bank Muamalat Plans to Sell Over 30% Stake by July -CEO

Indonesia’s Bank Muamalat Plans to Sell Over 30% Stake by July -CEO

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…

Bank Indonesia : Maintaining the Islamic Financial Industry’s Growth in an Improved Quality

Bank Indonesia : Maintaining the Islamic Financial Industry’s Growth in an Improved Quality

Bank Indonesia holds The 3rd Bank Indonesia International Seminar on Islamic Finance on 30-31 May 2013, in Bali. The seminar's theme is, "A New Phase of Islamic Finance: Capturing the Untapped Area to Improve the Quality of Economic Development".The se…

Bank Indonesia : Maintaining the Islamic Financial Industry’s Growth in an Improved Quality

Bank Indonesia : Maintaining the Islamic Financial Industry’s Growth in an Improved Quality

Bank Indonesia holds The 3rd Bank Indonesia International Seminar on Islamic Finance on 30-31 May 2013, in Bali. The seminar's theme is, "A New Phase of Islamic Finance: Capturing the Untapped Area to Improve the Quality of Economic Development".The se…

Indonesian Government to Establish New Shariah Bank

Indonesian Government to Establish New Shariah Bank

The Indonesian government is planning to establish a Shariah-compliant bank in order to manage Rp 40 trillion ($4 billion) worth of Indonesian hajj funds. State-Owned Enterprises Minister Dahlan Iskan said the establishment of the bank will support the implementation of a new policy issued by the Ministry of Religious Affairs obliging hajj funds to be managed exclusively by Shariah banks.Dahlan said the government wants to support the development of Shariah banking in Indonesia with the new bank since the sector controls only 4.9 percent of market shares in Indonesia’s banking industry, The government has stakes in four lenders that run their own Shariah units. None of these banks, however, focus solely on Shariah banking.

Source: 
Facebook Like Google Plus One Tweet Widget Linkedin Share Button Facebook Google Yahoo del.icio.us LinkedIn Digg

Bank Islam still looking for Indonesia potentials

Bank Islam still looking for Indonesia potentials

The listed vehicle for Bank Islam Malaysia, BIMB Holdings is looking at several options to expand through overseas penetration and local expansion. According to Bank Islam Malaysia managing director Datuk Zukri Samat, the bank is still pursuing plans o…

Indonesia Megabank Advances 20% Share Outlook: Islamic Finance

Indonesia Megabank Advances 20% Share Outlook: Islamic Finance

Indonesia’s proposed Shariah megabank would improve industry awareness, lower costs and help the bank compete to win plantation, mining and infrastructure business. Combining the Islamic units of the government-held lenders is the most feasible of three options being considered by the State-Owned Enterprises Ministry. The other two options being considered are setting up a new state-owned Islamic lender or converting an existing government-held bank into a Shariah-compliant operation. It is possible the government could proceed with more than one of the choices. The ministry is currently in discussions with Bank Indonesia and will present a finalized proposal to the State-Owned Enterprises Ministry by the end of May. Government approval is expected by the end of the year.

Source: 
Facebook Like Google Plus One Tweet Widget Linkedin Share Button Facebook Google Yahoo del.icio.us LinkedIn Digg

3rd Bank Indonesia International Seminar on Islamic Finance

3rd Bank Indonesia International Seminar on Islamic Finance

The 3rd Bank Indonesia International Seminar on Islamic Finance with the title “A New Phase of the Islamic Finance: Capturing the Untapped Area to Improve the Quality of Economic Development” is going to take place in Nusa Dua Beach Hotel, Bali, on 30th – 31st May 2013. Several topics regarding Islamic finance will be discussed, such as potential products and segments correlated with the economic growth and stability of financial system and the role of Islamic finance for underprivileged communities and small-micro economic groups. An in-depth discussion is needed to evaluate the mindset of Islamic financial industry development and to identify the potential untapped areas to obtain some effective recommendations with the purpose of reaching the quality of economic growth. Please see the attached file for more details as well as registration procedure.

Facebook Like Google Plus One Tweet Widget Linkedin Share Button Facebook Google Yahoo del.icio.us LinkedIn Digg

Record Sukuk Seen on Indonesia $92 Billion Plan: Islamic Finance

Record Sukuk Seen on Indonesia $92 Billion Plan: Islamic Finance

Indonesian corporate sukuk sales are expected to reach a full-year record as $92 billion of state-backed development projects buoy issuance. Bank Muamalat Indonesia and Adira Dinamika Multi Finance were among issuers of Rp 1.5 trillion ($154 million) o…

Pilgrim Funds Give Indonesia Banks Booster Shot: Islamic Finance

Pilgrim Funds Give Indonesia Banks Booster Shot: Islamic Finance

Indonesia’s plan to shift 11 trillion rupiah ($1.1 billion) of pilgrim’s savings into Shariah- compliant lenders is a booster-shot that will help narrow the gap with neighboring Malaysia. Deposits set aside by those planning a Hajj visit to Mecca in Saudi Arabia will be shifted by the Ministry of Religious Affairs from non-Islamic banks within a year of announcing the policy. The funds are equivalent to 7.3 percent of the 150.8 trillion rupiah in savings at Islamic lenders, less than a sixth of Malaysia’s 310 billion ringgit ($102 billion). The entire Hajj fund totaled 55 trillion rupiah in March, with about 35 trillion rupiah invested in non-tradable sovereign sukuk and 9 trillion rupiah already placed at Islamic lenders.

Source: 
Facebook Like Google Plus One Tweet Widget Linkedin Share Button Facebook Google Yahoo del.icio.us LinkedIn Digg

Indonesia raises 1 trln rph from sukuk, below target

Indonesia raises 1 trln rph from sukuk, below target

Indonesia’s finance ministry raised 1 trillion rupiah ($102.88 million) worth of sharia bonds on Tuesday, below its target of 1.5 trillion rupiah. The ministry only sold the 30-year, project-based sukuk with the yield at 6.82781 percent. There were no …

Photo Gallery

Anmelden