IDB maintains top credit rating from Standard & Poor's for 7th Consecutive Year

Monday, 05 January 2009The Standard & Poor’s credit rating agency, for the 7th consecutive year, rated the future outlook of the Islamic Development Bank Group as “stable” in its annual report on international finance institutions issued during December 2008. The Standard & Poor’s credit rating agency, for the 7th consecutive year, rated the future outlook of the Islamic Development Bank Group as “stable” in its annual report on international finance institutions issued during December 2008.The agency awarded IDB Group with its highest credit rating of (AAA) for the long term and (A-1+) for the short term, reporting that IDB’s “capital position is extremely strong and its liquidity ample.” According to the report released by Standard...

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Islamic Banks need more funds to be mobilized

Selasa, 06 Januari 2009Solo (06/1).Although there is a great opportunity to expand the Islamic market share, unfortunately the growth was quite slow. It has something to do with the funds mobilization from the society less than expected."we have to realized that the working capital accumulation is less than what has been expected, spreading equally from and within the society," as explained by Muh Rudi Nugroho the general secretary for MES (shariah community) Solo. Therefore, a new strategy is needed to mobilized funds from the society and put it back into the circle in production sectors and then goes back to the society through Islamic banking services. In practice, the Islamic banking system, has been successfully applied in non Muslim countries...

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BNI Syariah: To Launch Credit Card

Kamis, 15 Januari 2009Jakarta (15/1) The shariah division head of BNI Ismi Kushartanto stated that BNI syariah will launch its new product, shariah credit card, there is other shariah credit card it called Dirham Card from Bank Danamon syariah.“we are trying to improve our product and praise to Allah that in 2009 we will be able to launch our shariah credit card,” said Ismi Kushartato to pkesinteraktif.com. Aside from the sophisticated Technology, the credit card of BNI syariah comes with health and life insurance for the card holder. In line with BNI syariah business expansion, in 2009, Ismi Kushartanto set target to attract 10.000 BNI syariah credit card holders, which focus on middle and high class segments. “There are three types of...

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BNI Negotiating Capitalization of New Shariah Bank with ICD

Jakarta, (ANTARA News)-Bank BNI is currently negotiating the capitalization of a new shariah bank it has agreed to set up in Indonesia in partnership with the Islamic Corporation for the Private Sector (ICD), the bank`s chief said. Bank BNI`s target in the talks was for the planned shariah bank to be capitalized at US$500 milllion or Rp4.5 trillion with BNI holding only a minority stake, Bank BNI President Director Gatot M Suwondo said here Friday."If the negotiations are successful, the shariah bank`s capital will reach US$500 million or about Rp4.5 trillion. Thereby it will be the shariah bank with the largest capital in the country," he said.Bank BNI and ICD signed a Memorandum of Understanding (MoU) in October 2007 to study the possibility...

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