Bank
SINGAPORE: Following a period of turbulence and slow business characterized by at least US$77 million-worth of losses, the Islamic Bank of Asia (IBA) appears to be implementing a slow but sure rebuilding of its operations. The bank, owned by DBS Bank and investors from the GCC, has just announced two appointments seen as key to strengthening its business; charting its future direction.
Jakarta (14/12) - Bank Indonesia (BI) has predicted that Islamic banks assets in Indonesia to reach IDR 200 Trillion at the end 2012. This assets growth will be followed by the increment of Financing and Deposits as well.
Jakarta (12/12)- Shariah National Board – MUI (the Indonesian Council of Ulama) has collected some recommendation related to Islamic Finance Institutions and Hajj Funds during the 7th Ijtima Sanawi on 4 to 6 December 2011.
Jakarta (9/12)- Dispute settlement in Islamic finance institution is up until today is still become the main issue that need to be handled. There is two ways of shariah dispute settlement one by the mediation thru the National Syariah Arbritrage ( BASYARNAS) and the shariah court, whereas the effectiveness is still under questions.
Tangerang, (1/12)- to cater the need of Islamic finance development in Indonesia, there is a need accelerate the market share, which perceived to be a positive influence for further development of Islamic banking in Indonesia.
As according to the chairman of Asosiasi Bank Syariah Indonesia (ASBISINDO), A Riawan Amin there should be 2 things that need to be observed for the acceleration Islamic banks in Indonesia. First of all, Islamic full fledge banks or Islamic banking units of conventional bank should utilize the infrastructure of its parent companies.
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