Bank Muamalat
From Wikipedia, the free encyclopedia
Bank Muamalat Indonesia (BMI), (Bank Muamalat), is a commercial bank in Indonesia. It operates according to the principles of Islamic banking. Bank Muamalat serves nearly 3,000,000 customers throughout Indonesia and Malaysia.[citation needed]
 | |
 Menara Muamalat (Muamalat Tower), Bank Muamalat headquarters in Jakarta | |
| Type | Public (Perseroan terbatas) |
|---|---|
| Industry | Islamic banking and finance |
| Founded | November 1, 1991 in Jakarta, Indonesia |
| Headquarters | Jakarta, Indonesia |
Key people | Imam Teguh Saptono (President Director) |
| Owner | Hajj Fund Management Agency (82.65%) Andre Mirza Hartawan (5.19%) Islamic Development Bank (2.04%) Others (10.11%) |
| Website | www.bankmuamalat.co.id |
History
The bank was founded on 1 November 1991, based on the initiative of the Indonesian Council of Ulamas (MUI), under the auspices of the Government of Indonesia.[1] Operations began on 1 May 1992.[1] Foreign exchange service began in 1994.
Principles
Funding products apply the principles of wadiah (deposit) and mudarabah (profit-sharing). Financing products apply the principles of bai’ (buy and sell), musharakah (equity sharing), mudarabah, and ijarah (rent).
Ownership
Currently, 82.65% stake of Bank Muamalat is owned by an Indonesian government agency, Hajj Fund Management Agency (BPKH), Andre Mirza Hartawan (commissioner of the bank) with 5.19%, the Islamic Development Bank (IsDB) with 2.04% shares, and others (10.11%).[2]
In 2022 the bank announced plans to be listed in the Indonesia Stock Exchange by late 2023.[3][4]
Network
The Bank has 239 service offices and is supported by an extensive service network consisting of 568 Muamalat ATM units, 120,000 ATM Bersama and Prima ATM networks, 51 Mobile Cash Car units.
Management
Sharia Supervisory Board
| Name | Position | Ref. |
|---|---|---|
| Sholahudin Al Aiyub | Chairman | [5] |
| Siti Haniatunnisa | Member | |
| Agung Danarto |
Board of Commissioners
| Name | Position | Ref. |
|---|---|---|
| Sapto Amal Damandari | President Commissioner (Independent) | [6] |
| Sartono | Independent Commissioner | |
| Andre Mirza Hartawan | Commissioner |
Board of Directors
| Name | Position | Ref. |
|---|---|---|
| Imam Teguh Saptono | President Director | [7] |
| Karno | Compliance Director | |
| Ricky Rikardo Mulyadi | Director |
