By Timur Abimanyu, SH.

MH

The Washington Post

Development of Islamic Banking Assets And Significant Increase

Experienced decline in Sector Financing
Syndicated On Budget Project
JAKARTA, bisnisnews.com: Total assets of Islamic banking during 2010 has been penetrated
Rp100 trillion. Mean growth of Islamic banking is estimated to exceed targets in early 2010.
Growth assets are experiencing a significant spike in a month at the end of last year. Deputy
Director of the Directorate of Islamic Banking Bank Indonesia (BI) Mulya Siregar said the Islamic
banking assets in December jumped to reach Rp97 trillion from the position of November
amounted to 93 trillion. According to him, this shows the good performance of Islamic banking.

"For this year's BI pegged growth at the level of moderate or assets of Rp141 trillion. The growth
of these assets, he explained, in line with the more ekspansifnya in developing Islamic banking
business," said Mulya in his presentation on the sidelines of the event MarkPlus Monthly Industry
Update on Campus MarkPlus, Brass, Jakarta, Wednesday (01/12/2011).
However, he added, there is still a challenge for Islamic banks in the future, especially concerning
human resource development (HRD). This is important and the focus of Islamic banking in the
future following the Asean Economic Community (MEA) in 2015.

According Mulya, the growth of Islamic banking should also be accompanied by increasingly
competitive human resources in order to compete with other countries. "Do not until later that
manages Islamic banking from foreign nationals," he said. Islamic banking is also charged with
continued innovation in developing its products considering the tight competition. From the
pelayananpun, Islamic banking should provide good service as conventional banks. And according
to BI data, until the November 2010 acquisition by the Islamic banking deposits reached Rp70, 6
trillion to the value of financing amounting to Rp67, 9 trillion. As many as 11 Islamic banks with
23 business units Islamic (Sharia) and 149 BPRS has been in operation today. Online: Wednesday,
January 12, 2011 | 13:54 PM ET

Related data about the assets of Islamic banks soared 53-fold in 10 years
Islamic banking has grown very rapidly in the last 10 years. This is evident from the number of
Islamic banking assets grew 53-fold in that period. "Despite reaching a rapid growth, market share
is still relatively low. Banking market share is only 3.2% of total national banking assets. That
means there are still large growth space," said Nasution was Governor of Bank Indonesia during a
hearing with the Commission XI DPR RI, Jakarta, Monday (24/01/2011).
On that occasion sorotannya Darmin convey to the efficient management of financial liquidity as
one of the important issues. Because the instruments and Islamic financial markets are
underdeveloped causing limitation of choice for Islamic financial institutions (BLM) in the
management of liquidity and benchmarking.
According to him, the issue is potentially decrease the efficiency of intermediation that run LKS.
Online: Monday, January 24, 2011 | 16:07 PM ET

Ask sharia business, Prince met British Minister of Finance

Prince Andrew, the brother of British Crown Prince Charles, will meet Finance Minister Agustin
Martowardojo at 17.00 hrs later. The prince will discuss the development of Islamic finance. PR
Kabiro Kemenkeu Yudhi Pramadi revealed, the arrival of Andrew as a special representative of
the UK to Kemenkeu to discuss some policy issues related to financial services that include the
prospects of Islamic finance in Indonesia. "I'll talk about the challenges facing the Islamic
financial market as well as general, cooperation between the UK and Indonesia and others,
development of financial markets and protection," he said when met at the House of
Representatives on Tuesday (04/05/2011). Acting Finance Minister will be accompanied by fiscal
policy (BKF) Bambang PS Brodjonegoro, Director General of Customs Tthomas Sugijata, Mulia
P Nasution Kemenkeu Secretary, and Director General of Taxation Fuad Rahmany. Prince
Andrew is also scheduled to meet with senior representatives of the Chamber of Commerce and
the Coordinating Minister Hatta Rajasa On the next day at 10.00 hrs. Tuesday, April 5, 2011 |
16:11 PM ET
=====================================
Illustration By Timur Abimanyu, SH.MH.

According to related data sources, that the performance of Islamic banks in East Java last year was
not bright due to the continuing crisis. Based on data from Bank Indonesia (BI) Surabaya, the
distribution of financing Islamic banks in East Java in the first quarter of this year dropped
significantly to 29.75% or Rp2, 516 trillion rather than same period in 2008 which reached
40.76%, amounting to Rp1, 939 trillion. Meanwhile, third-party funding (DPK) soared 60.8% to
Rp2, 959 trillion, compared to same period in 2008 which is only 36.88% of Rp1, 846 trillion.
Along with the credit slowdown and soaring funding, the financing to deposit datio (FDR) in
March fell to 85.03% from 105.04% in the same month of 2008.

Quality financing also fell, as reflected by the increasing ratio of nonperforming financing (NPF)
in the first three months of 2009 to 3.09% from 2.38% in the same period last year. According to
the Deputy Leader of BI Surabaya Wiyoto, decline in performance-based Islamic bank financing
due to the influence of the impact of global crisis, so the ability of industry to pay the installment
on the wane. As a result, the quality of financing also declined. Islamic bank financing is generally
distributed to the trade. When the sluggish economy, customer installments become obstructed,?
he said in a press conference on Tuesday (05/05/2009).
According to him, the risk of bad debts is to shadow the current banking performance. It is also
common in conventional commercial banks. Therefore, Islamic banks are increasingly caution so
it would affect the performance of Financing. ?? The economy is expected to recover by mid this
year, thus improving the performance of banks involved, let alone Islamic banks in the East Java
market is still wide? he explained. Islamic banks, he said, further expanding pembiayaanya
segment. One of them is syndicated financing to projects budget, such as revitalization of the
sugar mill machinery. Online: Tuesday, May 5, 2009 | 18:51 PM ET

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