JAKARTA: PT Bank Muamalat, one of the country’s major sharia banks, plans to offer Islamic bonds worth between US$50 million and $100 million to global investors this year.

Blomberg.com - By Suryani Omar - Feb 2, 2011 7:14 AM

PT Bank Muamalat Indonesia, the country’s oldest Islamic bank, plans to quadruple its holdings of Shariah-compliant debt this year.

Yogyakarta : The rise of natural disasters occurring lately grows awareness of the importance in implementing efficient and sustainable aid. The refugees do not only need help shortly after the disaster. To help restoring the socio-economic condition of the victims, serious attention is needed in the longer period.

Islamic Banks continue to demonstrate priding achievements in Indonesia. This is proven by Bank Muamalat which is awarded as the best bank in customer protection. The Indonesia’s Islamic banking pioneer is ranked in the first position for the category of Best Customer Complaint Handling.

Sharia banking education is more incentive to be done by involving the academic elements. Sharia financial education programs that have been held at various major universities must always be in line with Sharia banking actuality and dynamics as to produce qualified human resources in accordance with the qualifications needed by industry. It is being conducted by Muamalat Indonesia which is now having cooperation with the Jakarta State Polytechnic.

Financial and banking industries are seriously penetrating into the retail market; this is also done by Bank Muamalat Indonesia (BMI) jointly with PT Alijarah Indonesia Finance (ALIF) for sharia-based car financing.

The rapid growth of Sharia banking industry is increasingly noticeable in view of the growth of total offices opened. Not only conducts expansion to regional areas, but also still expanse in the urban. This is at least visible from the progressive efforts of Bank Muamalat Indonesia (BMI), which is still conducting vigorous expansion in Greater area of Jakarta and surrounding areas.

The Jakarta Post | Thu, 07/15/2010 10:56 AM

JAKARTA: The Indonesian Ulema Council (MUI) is working together with Religious Affairs Ministry and an event organizer to produce the first Indonesia International Halal Business and Food Expo 2010 (IHBF Expo) this month.

Gulfbase.com - July 15, 2010

Farouk Alwyni of Bank Muamalat warns Indonesian Islamic banks may be undercapitalised, no institution has equity of more than $200 million