BRI SYariah to Become Full-Fledged Islamic Bank

Kamis, 21 Agustus 2008Jakarta (21/8). Islamic Bank will develop and growth in this country, apparently the Islamic commercial unit of BRI will become a full-fledged Islamic Bank, this year. There will a transformation of the 3 main Pillars which will be the leading edge for the BRI Syariah spin off.Eko BambangThe above statement came from Division Head of BRI Syariah, Eko Bambang Suharno. The three main pillars are: Information and Technology, company’s Policy and Human Capital.The Information and Technology enhancement will stress on the on-line networking system in all branches, including the...

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Opening Remarks of IsDB President During a Press Conference in Washington

Despite the financial crisis engulfing the marketsand the current market conditions, I am pleased to inform you that the Islamic Development Bank (IsDB) Group is financially strong and will be able to meet its commitment to member countries and conduct normal operations. This result is an outcome of certain factors: IsDB’s investment operations are conducted according to Islamic sharia, and hence, it is not exposed to products linked to any sub-prime mortgages. Moreover, IsDB enjoys strong financial position given its large capital base of 15 billion Islamic dinars (US$23 billion). Yet as an international...

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WORLD’S BEST ISLAMIC FINANCIAL INSTITUTIONS 2008

Global Finance magazine has announced its first annual awards for the World’s Best Islamic Financial Institutions. A full report on the selections will appear in the June issue of Global Finance. The winners of this year’s awards are those banks that contributed to the growth of Islamic financing and successfully met their customers’ needs for Shariah-compliant products, while creating the foundation for continued fast growth in the future.All selections were made by the editors of Global Finance, after extensive consultations with bankers, corporate finance executives and analysts throughout...

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