The bank’s president director, Arviyan Arifin, said in Jakarta on Monday that the sukuk bonds would be offered to investors in the Middle East. He said that the bank would open a branch in Jeddah, Saudi Arabia, to support the plan. “We will issue the sukuk this year as soon as we open a branch office in Jeddah,” he said.
Muamalat finance director Hendiarto said the bank was still preparing the opening of the new Jeddah branch. “We are still trying to meet the requirements,” he added.
Hendiarto said Muamalat also planned to issue subordinated sukuk worth about Rp 800 billion ($93.6 million) to Rp 1.5 trillion to strengthen the company’s financing capacity. — JP
PT Bank Muamalat Indonesia Tbk booked IDR270 billion of gross profit throughout the year, rose 93.15% from the same period last year.
The growth of the earnings before tax was due to bigger margin income from its financing, said Director of Retail Banking Adrian A. Gunadi. Up to September, financing rose 45.24% to IDR20 trillion from IDR13.77 trillion.
Most of its financing was channeled to retailers by 65% or IDR13 trillion and the remaining was given to commercial and corporate clients. Consumer loan, particularly for property, dominated the portion followed by multifinance and cooperative.
"From the total IDR6.3 trillion consumer financing portfolio, IDR3 trillion was channeled to housing financing," Adrian said.
Bank Muamalat was established in 1991 by local and foreign investors. Islamic Development Bank owns 32.82% of the Islamic bank's share, Boubyan Bank Kuwait has 24.94%, Atwill Holdings Limited holds 17.95% and public trades the rest 5%.
Retail segment also motored the growing third party fund, which grew by IDR7.15 trillion to IDR21 trillion in total. The retail clients contributed IDR14 trillion of its third party fund.
"Saving and current account represented 50% of the total of retail’s third party fund. The rest 50% was in deposit,” Adrian detailed.
Nearly two decades after its birth, Bank Muamalat now provides services to over 2.5 million customers through a network of over 3000 outlets spread across all 33 provinces in Indonesia. The network is also supported by an alliance through more than 4000 online post office/SOPP, 32.000 ATM, as well as over 100.000 debit merchant across the country. Bank Muamalat is also the first and the only Indonesian bank running a full branch in Malaysia.
As we grow, we continuously strive to improve our infrastructures, as well as the quality of our human capital. To ensure our sustainable growth, we are seeking vigorous, brilliant, and dynamic talent who has the enthusiasm to grow with us as an officer by joining:
MUAMALAT OFFICER DEVELOPMENT PROGRAM
Qualifications for prospective applicants:
- Minimum education S1, open to all majors
- Minimum GPA of 2.75 for state university graduates and 3.00 for private universities
- Masksimum age 27 years in the early selection
- Having a good knowledge about the basic principles of Islam and Sharia Banking
- Have proficiency in spoken and written English
- Having the ability to operate computers at least Microsoft Office
- Has no family relationship with the employee and the Board of Directors of Bank Muamalat Indonesia
- Pro-active personality, full of initiative and able to work under pressure
- Not married and not willing to get married during the years of schooling
- Willing to undergo the bond department
- Willing to be placed throughout the territory of Indonesia
For those who are interested can send CV along with recent photograph to the email address corresponding to the areas that you select:
Area Jakarta : recruitment@muamalatbank.com
Area DIY & Jateng : recruitment.modpdiyjateng@muamalatbank.com
Area Jawa Timur & Nusra: recruitment.modpjatimnusra@muamalatbank.com
Area Sumatera Bag. Utara : recruitment.modpsumbagut@muamalatbank.com
Area Kalimantan : recruitment.modpkalimantan@muamalatbank.com
Area KTI : recruitment.modpkti@muamalatbank.com
Please include code MODP21_22 (designated area), eg MODP21_22 (Jakarta), MODP21_22 (Kalimantan), MODP21_22 (KTI), etc. in your email subject
Delivery of the application proposal no later than November 25, 2011 (area Jakarta), 21 November 2011 (Area DIY & Jateng), 5 Desember 2011 (area Jawa Timur & Nusra), 25 November 2011 (area Sumatera Bag. Utara), 28 November 2011 (area Kalimantan), 1 Desember 2011 (area KTI)
Location selection implemented in the area that you select:
- Area Jakarta : Jakarta
- Area DIY & Jateng : Solo
- Area Jawa Timur & Nusra: Malang
- Area Sumatera Bag. Utara : Padang
- Area Kalimantan : Balikpapan
