Islamic Banking in Indonesia

Micro Shop Small & Micro Business Syariah mandiri

Financing Limit Rp.100 million

Customer Type:

Individual

Fixed monthly income employees such as Civil Servants, private company employees etc.
Entrepreneurs/Professionals

Corporate

BRI Syariah

Starting from the acquisition of PT. Bank Rakyat Indonesia (Persero), Tbk., Against the Bank Jasa Arta on December 19, 2007, and after getting permission from Bank Indonesia on October 16, 2008 via letter o.10/67/KEP.GBI/DpG/2008, then on 17 November 2008 PT. BRISyariah Bank officially operated. Then PT. Bank BRISyariah change the original operational activities conventionally, and then converted into banking activities based on Islamic Sharia principles.

Islamic Banking in Indonesia in Brief

In view of providing a wider banking services alternative to Indonesian economy, the development of Islamic banking in Indonesia is implemented under dual banking system in compliance with the Indonesian Banking Architecture (API). Islamic banking and conventional banking systems jointly and synergically support a wider public fund mobilization in the framework of fostering financing capability of national economic sectors.

Bank Muamalat

COMPANY PROFILE

PT Bank Muamalat Indonesia Tbk was established in 24 Rabius Tsani 1412 H or November 1, 1991, endorsed by the Indonesian Council of Ulemas (MUI) and the Government of Indonesia, and commenced operations in 27 Syawwal 1412 H or May 1, 1992. Supported by the Indonesian Association of Moslem Intellectuals (ICMI) and a group of Moslem entrepreneurs, the founding of Bank Muamalat also won the support of the general public, evidenced by a Rp 84 billion pledge for the purchase of the Bank's shares on the date when the Articles of Association was signed. Thereafter, in a special meeting commemorating the founding at the Presidential Palace in Bogor, West Java, additional pledges from communities in West Java were raised to reach a total of Rp 106 billion.

KUR (Micro-credit support) Program

PROGRAM FEATURES	Investment	Working Capital
Target Market	All types of sharia-approved industry SME & Micro and Cooperatives currently non bank debtors and/or non beneficiary of credit programs, except debtors of consumer credit
Financing Limit	Micro segment up to Rp5 million (margin 22% –as of 12 Feb 2010) Retail segment : Rp5 million – Rp500 million (margin 14% – as of 12 Feb 2010)
Coverage Area	All branch offices
Tenor	Maximum5 (five) years	Maximum 3 (three) years
Collateral	Main collateral: the financed project Additional collateral: economic-valued goods
Financing Scheme	Inti – Plasma (Nucleus – Plasma Scheme) Production relationship between the nucleus and the plasma Nucleus company acts as purchase guarantor of the plasma production Financing guarantee from the nucleus company and/or end-user Partnership Integrated partnership pattern between the company/group/cooperatives and the financed end-user Well-defined rights and obligations between the company/group/cooperatives and the financed end-user Financing guarantee from the company/group/cooperatives and the financed end-user

Corporate Info Bank Syariah Mandiri

History

Born with A Mission to Build the Nation

Company values in utmost appreciation to humanity and integrity have been deeply rooted within everyone at Bank Syariah Mandiri (BSM) since its early establishment.

Established since 1999, BSM has in fact appeared as blessings and a morale learnt from the 1997-1998 economic and monetary crisis. As is known, the economic and monetary crisis, followed by multi-dimension crisis including in the national politics, has massively affected all aspects of public life, not an exception to business matters. Under such a condition, the conventional banksdominated banking industry suffered from the worst crisis. The government finally took action by restructuring and recapitalizing the banks in Indonesia.