Jakarta, (15/11). Micro financing is now increasingly popular in Indonesian banking system. Some of the Indonesian banks are now establishing micro financing business unit. Micro financing is supported by the Indonesian government as well, by implementing the program Kredit Usaha Rakyat (KUR)/microfinancing for people in need.

Jakarta (24/10)- Ikatan Ahli Ekonomi Islam (IAEI) has a commitment to develop Indonesian Model of  Islamic Finance, as explained by the chairman of IAEI, Bambang Permadi Soemantri Brodjonegoro during the inauguration IAEI organizing committee last Friday, (21/10).

SOLO (15/5) the minister of economic Hatta Radjas, will be furious if there is a collateral requirement under the micro financing scheme for the amount of IDR 20 million, since the regulation stated that any micro financing facility provided for the amount under IDR 20 million do not subject to collateral requirement. It was explained by Hatta Radjasa, at the seminar of MEKM at UMS Solo.

Micro financing is one of the role model of the government assistance to the micro financing enterprises to expand its business. Micro financing will eliminate the bank ego to channel its financing distribution to the society. This system without collateral is the first system in the world that has been implemented by Indonesian Government.

In the meantime the performance of micro financing is quite significant for the year 2011, there are 12 Bank Pembangunan Daerah (BPD) that has involved in micro financing programs, as of May 01 2011, IDR 12.975 billion has been distributed as micro financing with customer base of 16.243. (Agus Y)

Jakarta, (2/5). Informal discussion amongst shariah scholars is now more intense and today they will have a discussion in the development of micro financing at Hotel Sofyan, Jl Cut Mutia – Menteng  Jakarta Pusat , at around  18:00 WIB this evening.